NEW DELHI (Reuters) - State-run National Aluminium Co Ltd (NALCO) has agreed to buy back 25 percent of its shares from the government, Mines Secretary Balvinder Kumar told Reuters after a meeting with the company on Monday to discuss pricing.
The buyback, initiated by the finance ministry, is part of the government's efforts to raise much-needed funds, including by selling shares in state companies.
NALCO officials could not immediately be reached for comment.
(Reporting by Krishna N. Das; Editing by Douglas Busvine)
