<h1>Government Approves 10% Disinvestment in NMDC, Reducing Stake to 80% via Offer for Sale Method.</h1> The Cabinet Committee on Economic Affairs approved the disinvestment of 10% of the National Mineral Development Corporation's (NMDC) paid-up equity capital, reducing the government's stake from 90% to 80%. This will be executed through the Offer for Sale (OFS) method, adhering to SEBI regulations. The Empowered Group of Ministers (EGOM) is authorized to adjust the disinvestment method, set the floor price, manage tranches, and decide on share allotments. Additionally, eligible employees can purchase shares at a 5% discount. NMDC, under the Ministry of Steel, is India's largest iron ore producer, with operations in Chhattisgarh and Karnataka.