The disinvestment department is working on a proposal to seek Cabinet approval for sale of government equity in MMTC Ltd, but disinvestment in the trading giant would be possible only in the next financial year.
Chairman and Managing Director Sanjiv Batra said the company has already done the preliminary work required for the disinvestment.
Asked when the proposal could go to the Cabinet for clearance, Batra said, “That is done by the disinvestment department...They are preparing (the Cabinet note).”
