The government has invited expressions of interest (EoIs) for the sale of 29.15 per cent equity along with management control of aluminium major National Aluminium Company Ltd (Nalco).
The interested bidders, which include international giants like Alcan, Alcoa, Pechiney, Broken Hill Properties (BHP) and Rio Tinto, have been asked to file their EoIs by September 15.
As per the advertisement put up on the ministry of disinvestment website, companies or groups bidding for Nalco need to have a minimum net worth of $250 million. To ensure wider participation, the government has decided against limiting the bidders from the metals or aluminium sectors.
The government has also set in motion the process for the public offer of 10 per cent of the company