The government plans to complete the by October as it steps up its privatisation drive in the months ahead, according to reports. The government has shortlisted four bidders including Sterlite Industries and Birla Copper for disinvesting majority stake in Hindustan Copper, due diligence for which is slated to kick off this week The bidders will start due diligence in Hindustan Copper on June 17 and the process is expected to be complete by October, it is learnt. The other two bidders, namely Finolex Cables and Metdist, also figure in the list. Government proposes to divest its entire equity of 98 per cent to a strategic partner along with management control.
NSTL
