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NMDC to sell its entire 10.10% stake in Neelachal Ispat Nigam

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Capital Market
Last Updated : Mar 10 2022 | 5:31 PM IST

To Tata Steel Long Products

NMDC announced that the Company has executed the Share Purchase Agreement and Escrow Agreement (Definitive Agreements) for sale of its entire equity holding of the Company (10.10%) in Neelachal Ispat Nigam (NINL) to Tata Steel Long Products (TSLP), the successful bidder selected through the two stage auction procedure involving a competitive bidding process, run under the aegis of Department of Disinvestment & Public Asset Management (DIPAM).

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First Published: Mar 10 2022 | 5:08 PM IST

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