Iffco, Indo Gulf Lead Nfl Selloff Race

The Indian Farmers Fertiliser Cooperative Ltd (IFFCO) and the Aditya Birla group company Indo Gulf Corporation Ltd are likely to emerge as front runners for picking up a 51 per cent stake in the state-run National Fertiliser Ltd (NFL) which is up for disinvestment.

According to merchant banking sources, bids will be called within a month and the deal is likely to be struck by the end of August.