New Delhi, July 02: In the wake of renewed threats from the unions to stall the proposed public offering of shares, the government is reworking its strategy to go ahead with the disinvestment of National Aluminium Company. As part of the new strategy, the Department of Disinvestment (DoD) may hold negotiations with unions and Nalco employees.

According to highly placed sources, unions have warned authorities not to allow in auditors who have been appointed to finalise the accounts as per US GAAP standards for its proposed overseas (ADR) offering.
The DoD is also considering de-linking the strategic sale from the public offering, both in the domestic and overseas markets.
Last year also the disinvestment process was halted after a team comprising senior officials of the A V Birla Group company, Hindalco, were roughed up by unionists when they had gone for carrying out due diligence of the plant. Bureau Report