The government is planning to divest 9.3% stake in MMTC in next 15 days through offer for sale (OFS) route. The government, earlier in March, had deferred the divestment on valuation issue. As on March 31, 2013, the government holding in the company stood at 99.33% while Institutions and Non-Institutions held 0.31% and 0.36% stake in the company, respectively.
MMTC is major global player in the minerals trade and is the single largest exporter of minerals from India. With its comprehensive infrastructural expertise to handle minerals, the company provides full logistic support from procurement, quality control to guaranteed timely deliveries of minerals from different ports, through a wide network of regional and port offices in India, as well as international subsidiary.
