CCEA clears 5% stake sale in Neyveli Lignite
By Bianca Ghose | Published On: August 31, 2012 07:30 (IST) | Duration: 1 min, 18 sec
The CCEA has cleared a 5 per cent stake sale in Neyveli Lignite and the offer for sale will be done through the auction process after the EGoM approves a floor price. The company has already begun the process of appointing merchant bankers for the sale. Sources tell NDTV, approvals for divestment in MMTC, NLC, Hindustan Copper, NALCO and Oil India could soon follow.