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India May Allow National Aluminium to Split its Shares, Chronicle Reports

By Thomas Abraham -

India’s government may allow National Aluminium Co. to issue free shares and split the stock to boost liquidity, the Financial Chronicle reported, citing a mines ministry official it didn’t identify. The state-owned metals producer prefers a stock split to selling a stake in the company, the newspaper said.

To contact the reporter on this story: Thomas Abraham in Mumbai at tabraham4@bloomberg.net

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