The government is likely to invite bids by next week for disinvesting 30 per cent stake in Nalco. The government, which holds 87.15 per cent stake in the country's second largest aluminium maker, plans to lower its holding to 26 per cent. It is planning to sell a 10 per cent stake in Nalco through domestic issue of shares, while another 20 per cent would be sold through the issue of American Depository Receipts (ADRs). The government plans to sell a further 29.15 per cent stake in Nalco to a strategic partner, while two per cent would be retained for employees.
NSTL
