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Maruti floor price fixed at Rs. 620

Special Correspondent

NEW DELHI: The Union Government has fixed the floor price of Maruti Udyog shares at Rs. 620 per share for selling its eight per cent equity stake in the company. According to a Finance Ministry official, this was decided at a meeting of the empowered Group of Ministers headed by Finance Minister P. Chidambaram. Expressions of interest have been received from 36 public sector financial institutions for MUL shares.

The last date for these FIs to submit bids is January 11.

Earlier, the Government had stipulated that only domestic public sector FIs and public sector banks would be eligible for making such expressions of interest.

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