Government of India to divest stake in NMDC Steel Ltd

Government of India ("GOI") acting through Department of Investment and Public Asset Management (DIPAM) has engaged SBI Capital Markets Limited as the Transaction Advisor. M/s. J.Sagar and Associates as the Legal Advisors and M/s. Protocol Insurance Surveyors as the Asset Valuers for providing advisory services and managing the transaction.

GOI currently holds 60.79% of the total equity share capital of the Company. It has now been informed that pursuant to the strategic disinvestment of the Company (i) GOI shall sell such number of shares representing 50.79% of the equity share capital of NMDC Steel Limited, along with transfer of management control in NMDC STEEL LIMITED.

Source : Equity Bulls

Keywords

NMDCSteel StrategicDivestment Advisors Appointment StakeSale