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STC, MMTC merger on cards: Commerce minister Suresh Prabhu
By IndianMandarins- 26 Mar 2018
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Commerce and Industry Minister Suresh Prabhu has said the merger proposal of state-run trading firms MMTC and STC is bing processed.
Earlier, the commerce ministry had commissioned a study to work out a new structure for three state-owned trading firms MMTC, STC and PEC.
While the government wholly owns PEC, it has about 90 per cent stake in MMTC and STC.
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STC, MMTC merger on cards: Commerce minister Suresh Prabhu
By IndianMandarins - 2018-03-26 10:33:27
Commerce and Industry Minister Suresh Prabhu has said the merger proposal of state-run trading firms MMTC and STC is bing processed.
Earlier, the commerce ministry had commissioned a study to work out a new structure for three state-owned trading firms MMTC, STC and PEC.
While the government wholly owns PEC, it has about 90 per cent stake in MMTC and STC.
