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India: Price bids called for CMC, HTL.
NEW DELHI, Sept. 18 - AMIDST setbacks on Air India, Indian Airlines and IPCL, the Government has called for price bids from bidders who had expressed interest in acquiring a controlling stake in CMC and HTL.
According to Disinvestment Ministry sources, technical and financial bids have been invited from those who have submitted their expression of interest for buying a majority of the Government's stake in the two State-owned firms.
The sources said that the prospective buyers have been asked to submit their price bids by the end of September.
"A meeting of the Cabinet Committee on Disinvestment will be convened thereafter to consider and approve the …
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