The government today approved sale of its minority stakes in four public sector firms –Hindustan Copper, Oil India, MMTC and Nalco– to raise up to 15,000 crore rupees.
The government has approved the proposal to sell 10 per cent stake in Oil India Ltd and another 9.59 per cent disinvestment in Hindustan Copper Ltd. The CCEA also cleared the proposal of 12.15 per cent stake sale of Nalco and 9.33 per cent in MMTC through Offer for Sale (OFS) route.