NEW DELHI, Dec 11 (Reuters) - The floor price for the sale
of shares in India's state miner NMDC Ltd has been set
at 147 rupees a share, a finance ministry official said on
Tuesday, in a deal that could raise $1.1 billion for the
The government plans to sell a 5 percent stake in lignite
miner and power generator Neyveli Lignite in March or
April next year, said the finance ministry official, declining
to be named as he was not authorised to speak to the media.
The NMDC share sale, part of the government's divestment
programme to raise $5.5 billion by next March, will open on
Wednesday morning and close later in the day. The government,
which owns 90 percent of NMDC, will sell a 10 percent stake.
(Reporting by Arup Roychoudhury; Editing by Jijo Jacob)