MDMK leader Vaiko opposes the Indian government's plan to sell 7% NLC shares, citing the 2002 share sale attempt that led to a strike.

Vaiko, MDMK leader, opposes Union govt's plan to sell 7% of NLC shares, which supplies coal for power demands in Tamil Nadu & southern states. Vaiko recalls 2002's 51% share sale attempt, which led to a strike. Govt plans to use share sale proceeds for National Monetisation Pipeline scheme. NLC India shares rose 12% on opening day of the OFS. Market participants advise caution due to high valuations and potential oversupply of shares.

March 11, 2024
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