Further disinvestment of the Government stakes in the National Mineral Development corporation (NMDC) through a follow up public offer (FPO) is likely to hit the market in early 2010 said a senior steel ministry official on Monday.
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The Government has already invited applications for appointment of lead managers for the sale which got cabinet approval last week.
The Government intends to sell 8.38 percent stake in the company that would raise over Rs 13500 crore for th national exchequer on current rates. Post this the government would come down to 90 percent.
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