Sunday, June 9, 2013

Review on NALCO

This review is about earlier article of NALCO this blog, I quote "Promoters holding in NATIONAL ALUMINIUM CO.LTD is 81.06% promoters reduce their holding from 87.15 %" about this view my 2 reader’s 
1.Ramesh babe mattupali wrote me that "Reducing stake of promoters may be as per the recent guidelines of SEBI in case of NALCO. Please look into the matter" and 
2. Rajiv Daniel wrote me "I think the promoter holding is being reduced because of standing orders from SEBI. Please let me know your opinion. 
I check the matter and find that promoters of NALCO is government of India and they sell stack due to disinvestment policy of government companies so they get money for government vote making schemes like MNAREGA and Pension plans and subsidies so I think you may still avoid government companies.

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