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'NLC staff to get shares in 10 pc disinvestment'

Written by: Staff

New Delhi, July 3: Prime Minister Manmohan Singh has assured Tamil Nadu Chief Minister M Karunanidhi that Neyveli Lignite Corporation (NLC) employees would be allotted ''sufficient'' number of shares during the 10 per cent disinvestment in the PSU.

''The Prime Minister has assured that while disinvesting 10 per cent of the shares of NLC, the Government will provide for sufficient allocation of shares to the employees, as desired by them, on a preferential basis so that they have a stake in the future of the corporation,'' the PM's Office (PMO) said in a press note today.

The Union Cabinet recently decided to offload 10 per cent of government stake in NLC and NALCO.


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