The government has decided to sell 9.33 per cent stake in Metals and Minerals Trading Corporation of India (MMTC) tomorrow. The Disinvestment Secretary Ravi Mathur said this while talking to reporters in New Delhi today. The base price has been fixed at 60 rupees apiece which will fetch the government exchequer about 600 crore rupees. The government currently holds 99.33 percent stake in state-run trading giant and the stake sale would help the company to meet Sebi's minimum public shareholding norm.

This would be the first disinvestment in the current fiscal. The government aims to raise 40 thousand crore rupees from PSU stake sale in 2013-14.