Lord Raj Bagri's, UK-based metal trading company Metdist and the Finolex group have opted out from the disinvestment race to acquire 98.95 percent government stake in the country's premier copper maker Hindustan Copper. With the two majors backing out it is only the Aditya Birla group's Birla Copper and Sterlite, which bought Hindustan Zinc, who are left in the race. Metdist, which has a 100 percent subsidiary Metdist Industries in India, was expected to bid jointly with the US metals major, Phelps Dodge.
NSTL
