The empowered group of ministers (EGoM), is to decide the floor price for 9.33 per cent stake sale in MMTC, which can fetch around `300 crore to the exchequer at current rates, in it’s meeting on Tuesday.
The eGoM on disinvestment is headed by Finance Minister P Chidambaram.
The share sale is likely to hit the markets on March 14, sources said.
Government has shortlisted three merchant bankers, including IDFC, for selling over 9.33 crore shares or 9.33 per cent of its stake in MMTC in the current fiscal through an Offer For Sale (OFS).