The Indian Farmers Fertiliser Cooperative Ltd (IFFCO) and the Aditya Birla group company Indo Gulf Corporation Ltd are likely to emerge as front runners for picking up a 51 per cent stake in the state-run National Fertiliser Ltd (NFL) which is up for disinvestment.
According to merchant banking sources, bids will be called within a month and the deal is likely to be struck by the end of August.
