The Hindu Business Line : FICCI welcomes Maruti divestment

THE Federation of Indian Chambers of Commerce and Industry (FICCI) has welcomed the decision of the Cabinet Committee on Disinvestment to sell off Maruti Udyog Ltd in three stages.

In a statement issued here on Wednesday, Mr R.S.Lodha, FICCI President, said that it was a "landmark'' decision for a number of reasons.

"The proposed initial public offer will perk up the market sentiment adding another potential index scrip for the Indian stock market.''

And more importantly, it may serve as a benchmark case for future disinvestment.

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