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Steven Bridge  |  by www.tradingmarkets.com. All rights reserved. 10.11 | 17:09

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(RTTNews) - Heavy Industries Minister, Santosh Mohan Dev, said that the Government of India would take a decision by this month end on the sale of 10.27% residual stake in Maruti Udyog and the implementation by next month. The minister added that a final note has been circulated to various ministries and coalition partners for their consideration.

Santosh said that a group of ministers would decide on the mode of disinvestment at the right price. The government is expected to invite competitive bids for the stake sale, as was done earlier in January to offload 8% stake. The minister is likely to discuss the matter with the left parties tomorrow on this issue.

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