Rediff Logo
 Money
Line
Channels: Astrology | Broadband | Chat | Contests | E-cards | Money | Movies | Romance | Search | Weather | Wedding
                 Women
Partner Channels: Auctions | Auto | Bill Pay | Jobs | Lifestyle | TechJobs | Technology | Travel
Line
Home > Money > PTI > Report
March 1, 2001 		Feedback  
  Money Matters

 -  Business Special
 -  Business Headlines
 -  Corporate Headlines
 -  Columns
 -  IPO Center
 -  Message Boards
 -  Mutual Funds
 -  Personal Finance
 -  Stocks
 -  Tutorials
 -  Search rediff

    
      

 
 Search the Internet
         Tips
 Sites: Finance, Investment
E-Mail this report to a friend
Print this page

Govt sells Balco stake to Sterlite

The government on Friday sold its 51 per cent stake in public sector Bharat Aluminium Company (Balco) to Sterlite Industries Ltd for Rs 5.515 billion.

Sterlite Industries handed over a cheque for Rs 5.515 billion to the government after signing the shareholders agreement and share purchase agreement, official sources said.

The agreements were signed by Aruna Bagchi, joint secretary, ministry of mines, on behalf of the government, S C Tripathi, additional secretary, ministry of mines and chairman and managing director Balco on behalf of the public sector company and Tarun Jain, director (finance) for Sterlite Industries.

Dipak Chatterjee, secretary, ministry of mines, and Pradip Baijal, secretary, department of divestment were also present on the occasion.

Back to top
(c) Copyright 2000 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

Tell us what you think of this report