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Govt to sell 10% stake in Nalco tomorrow

Govt to sell 10% stake in Nalco tomorrow

Tuesday, April 18, 2017, 10:13 PM

The government will open the first divestment account on Wednesday with up to 10% stake sale in National Aluminium Company and may mop up over Rs.600 crore. In an exchange filing, Nalco told the BSE that the promoters (the government owns 74.58% and the rest is with the public) will sell 5% aggregating 9.67 crore equity shares, through an offer for sale on Wednesday.
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