CUDDALORE:
Chairman-cum-Managing Director of NLC A.R. Ansari has said that since the NLC had sufficient funds at present, there was no proposal to raise funds through public issues.
In a statement released here on Thursday, Mr. Ansari denied having made any observation to the effect (reported in a section of the press) that the Centre had proposed to disinvest 10 per cent of its shares in the NLC. He noted that disinvestment was the policy decision of the Centre and the NLC had no authority to decide on the issue. The size and timing of disinvestment would be decided by the Centre.
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