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    market news

    India Seeks Stake in Belaruskali

    Investing News Network
    Jan. 09, 2012 12:44PM PST
    Potash Investing

    LiveMint reported that a fertilizer ministry official will try to negotiate a 20% stake in potash producer Belaruskali.

    LiveMint reported that a fertilizer ministry official will try to negotiate a 20% stake in potash producer Belaruskali.

    As quoted in the market news:

    The official said that India will have to pay $6 billion for a 20% stake at a valuation of $30 billion, on which the government may receive a dividend of about Rs.600 crore, and without a discounted rate for the purchase of potash, the return on the investment will be less than its targeted 10% a year.

    Click here to read the full LiveMint report.

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