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Neyveli Lignite Corporation Ltd Workers Withdraw Strike-Business Standard

Monday, 15 Jul 2013 09:22am EDT 

Business Standard reported that The striking workers at the Neyveli Lignite Corporation Ltd have decided to withdraw their indefinite strike, that lasted 13 days, after the Securities and Exchange Board of India (SEBI) gave its nod for Tamil Nadu PSUs to buy 3.56% stake for INR5000 million. The strike, which started on July 5th was withdrawn within hours on Monday after Tamil Nadu Chief Minister J Jayalalithaa said, at a meeting in Mumbai, that the Central Government and the SEBI have agreed to the State Government’s proposal to buy portion of Centre's stake through four state PSUs. 

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