16 Oct 2021
DiamondWorld Directory
Home |
Indian state-run companies likely to pick up stake in Alrosa
MMTC has show interest for the same
By: Diamond World News Service
Sep 14 2011 1:06PM
Reference: 6322  


Following Alrosa’s intent to divest 20 percent of its equity in 2011, which is likely to be a deal worth around $2 billion or more, India is seemingly showing interest in letting its state-run companies buying a stake in the Russia mining major.

The Indian government has approved the same, but will grant permission only upon closely scrutinizing of the companies. This move is expected to encourage the India gem and jewellery industry to receive a regular supply of rough diamonds.

In this vein, state-owned MMTC has show interest.

Alorsa had become an open stock company in second quarter and its shares were admitted for trading on the Russian Trading System (RTS) Board through a free float. The company announced in August, its plans for a share split to raise liquidity, and although the management stated in June that an IPO was not to be see in the near future., they saw no immediate need for an initial public offering (IPO), analysts at Aton Equity Research noted that there is still a strong will to carry it through, reports say. Analysts at VTB Capital added that ALROSA is now on the Russian government's privatization list, and the government’s 50.9 percent stake is most likely to be reduced. Other shareholders include the Yakutia regional government (32 percent), regional municipalities (8 percent) and the remainder held by legal entities and employees, reports say.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
*  Name:
*  Mobile:
*  Email:
Subscribe for DiamondWorld weekly Newsletter
Search News by City
Kosher 23460
Kosher 23460
Recent Issue
Kosher 23460
News in Pictures
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 29988
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 6370
GJEPC Chairman Interview
Views: 26274
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 36038
Promo for IJ Awards 2012 at NDTV Profit
Views: 50011
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 63250
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 20272
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 47943
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 47065
Member of:
Supporter of: