India inviting bids for 10% stake sale in state mining firm NMDC

India inviting bids for 10% stake sale in state mining firm NMDC

The government is planning to sell 10% of its stake in iron ore mining company NMDC Ltd through an offer for sale, according to a notification on the website of the department of divestment. The government, which owns 80% in the company, has invited bids from merchant bankers by 16 May.

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