The Empowered Group of Ministers on disinvestment, on Wednesday, will decide on the price band for offloading 12.5 per cent government equity in aluminium major Nalco.

The stake sale in Nalco is expected to fetch the exchequer around Rs.1,500 crore.

“The Empowered Group of Ministers (EGoM) will meet to decide on the Nalco floor price on Wednesday,” a government official said.

The Cabinet Committee on Economic Affairs (CCEA) had in September approved disinvestment of 12.5 per cent government stake in the Navratna PSU.

The Department of Disinvestment would opt for the offer for sale or the auction route for selling stake in Nalco.

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