E-Paper
HMT to retain its Nigerian JV stake
The Nigerian government had decided to retain the company's 15 per cent stake in its joint venture, Nigeria Machine Tools Ltd.
Published on: Feb 20, 2006, 12:18:00 IST
Share via
Copy link
Indian machine tools maker HMT Ltd said on Monday the Nigerian government had decided to retain the company's 15 per cent stake in its joint venture, Nigeria Machine Tools Ltd.
The Nigerian government, which held the remaining stake when the venture was set up in 1981, decided to privatise the firm and the highest bidder for the government's stake was privately owned Miramar International Ltd.
Shares in state-run HMT were down 0.6 per cent at Rs 82 in a weak Mumbai market.
Check India news real-time updates, latest news on Hindustan Times and more across India.
