. State-owned MSTC Ltd is mulling an additional 10 per cent equity issue, following the government's proposed dilution of stake in the trading and e-commerce services company. The Centre has proposed to offload 25 per cent stake in MSTC through the offer for sale (OFS) route, and the process is likely to be completed by March 2019. The divestment would bring down government holding to 64 per cent from 89.85 per cent. "We are are in need of capital to meet our expansion plans. We are exploring options for 10 per cent fresh equity issue, as the government's dilution of stake will not bring any capital to the company," a top MSTC official told PTI. MSTC has been expanding its areas of e-commerce and online auction, including ferrous and non-ferrous materials. It is also holding e-auctions for mines as well as agri-products. The company has targeted north eastern states like Tripura, where it sees huge demand for e-auction services in agri-products, but needs...
