首页|Nalco divestment likely to be delayed by a month
Nalco divestment likely to be delayed by a month
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NSTL
The first phase of disinvestment process at Nalco is likely to be delayed slightly. According to reports, the earlier deadline of September for the domestic public offer could probably be put back by a month. The reported delay is because the government has still not decided in what way it will offload the shares in the domestic market. As it is it took nearly a year to spell out the details of disinvestments. Planned last year, the disinvestment idea had been stalled after the aluminium market crashed in the wake of terrorist attacks in the US in September '01.
NSTL
