Govt may offload balance CMC pie via book-building

 Buoyed by the success of the initial public offering of Maruti Udyog, the Union government is planning to use the book-built route for offloading its residual 26 per cent stake in divested software company CMC, now controlled by the Tatas.

 The move is, however, subject to the approval of the Tata group which holds a stake of over 65 per in the company.

 The Tatas till now have remained non-commital on buying the government stake when it decides to exercise the put option.