Govt planning to sell 15 per cent stake in MMTC

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The government is planning to sell 15 per cent in state-run trading firm in the current fiscal, chairman and managing director said.

 

“We are ready for the government’s plan of divesting 15 per cent in the company which is a Government of India enterprise. It is expected to fetch good amount to the exchequer,” told PTI. He, however, refrained from giving any figure about the amount that would be raised after disinvestment.

 

The government had last sold 9.33 per cent in to raise aboutRs 570 crore in June 2013. The government a couple of months ago, announced intention to hire bankers for divesting part of its stakes in state-owned trading firms and State Trading Corp.