https://www.taxtmi.com/news?id=23264 Cabinet granted in-principle approval for the demerger of Nagarnar Steel Plant from NMDC and for strategic disinvestment of the demerged company by selling the Government's entire stake to a strategic buyer. The demerger precedes and runs in parallel with the disinvestment, aiming to allow NMDC to focus on mining, create separate management accountability and clearer financial visibility, and enable existing NMDC shareholders to hold proportional shares in the demerged entity; the transaction is described as tax neutral for capital gains. en-us Wed, 14 Oct 2020 17:19:34 +0530 Wed, 14 Oct 2020 17:19:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23264 Cabinet granted in-principle approval for the demerger of Nagarnar Steel Plant from NMDC and for strategic disinvestment of the demerged company by selling the Government's entire stake to a strategic buyer. The demerger precedes and runs in parallel with the disinvestment, aiming to allow NMDC to focus on mining, create separate management accountability and clearer financial visibility, and enable existing NMDC shareholders to hold proportional shares in the demerged entity; the transaction is described as tax neutral for capital gains. News - Wed, 14 Oct 2020 17:19:34 +0530 https://www.taxtmi.com/news?id=23264