NEW DELHI (Reuters) - The government plans to sell 10 percent stake in miner NMDC , the finance ministry said in a statement on Wednesday.
The stake sale is part of a $10 billion asset sales programme for the year that ends in March and will help narrow the fiscal deficit to a seven-year low.
A 10 percent stake at current prices is worth about 55 billion rupees ($892.86 million).
New Delhi owns 80 percent stake in the iron ore miner.
The ministry has also asked for bids from merchant bankers to manage the share sale, the statement added.
($1 = 61.6000 rupees)
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(Reporting by Rajesh Kumar Singh; Editing by Malini Menon)
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