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Government May Stall Plan To Cut Stake In Some PSUs Below 51%
Government officials raised concerns that lowering stake in CPSEs will breach terms of foreign borrowings.
10 Apr 2020, 04:12 PM IST
The government may not proceed with a proposed plan to lower its direct holding in some public sector undertakings, according to an official.Government officials have raised concerns in internal meetings that lowering stake in central public sector enterprises will breach terms of foreign borrowings that promised sovereign holding of at least 51 percent, the official cited earlier told BloombergQuint on the condition of anonymity.If ...
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