GOI initiates aluminium maker NALCO to buyback shares

Q.  Tapping PSU funds for short term disinvestment, government has asked which state run aluminium maker to buyback 25% of the shares for an estimated INR 3250 crore?
- Published on 19 Jan 16

a. NALCO
b. BALCO
c. HINDALCO
d. None of the above

ANSWER: NALCO
 
Looking to tap PSU funds to create makeup for shortfall in disinvestment proceeds, government has asked state run aluminium maker NALCO to purchase 25% of the shares to gain estimated INR 3250 crore. NALCO board may consider the proposal and sources indicate government could raise above INR 3250 crore through sale of 25% of shares in NALCO.

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