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India Mulls Stake Sale In Three Privatised Firms To Surpass Divestment Target: Exclusive
India relies on stake sale in three privatised firms to surpass divestment target.
22 Oct 2019, 12:07 PM IST
India is mulling sale of remaining shares in three companies it has already privatised to meet the budget deficit amid lower-than-expected tax collections in a slowing economy, according to a senior official.The government is considering sale of its residual stake in Tata Communications Ltd. and is waiting to cross the legal hurdle to offload its remaining shares in Hindustan Zinc Ltd., the person told BloombergQuint on the condition...
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