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Government aims to sell stakes in Oil India, Hindustan Copper, National Aluminium by November
Edited by : AL CIRCLE
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Government aims to divest stakes in state-owned companies Oil IndiaBSE -0.11 % Ltd, Hindustan CopperBSE -1.25 % Ltd and National AluminiumBSE 0.30 % Co Ltd by November, the official in charge of the government's divestment programme said on Friday.
One of the divestments could take place by the last week of October, Mohd. Haleem Khan, secretary at the department of divestment, said.
New Delhi aims to raise 300 billion rupees ($5.5 billion) through share sales in state-run companies in the current fiscal year that ends next March, but has thus far drawn a blank as weak market conditions have deterred public issues or auctions.
One of the divestments could take place by the last week of October, Mohd. Haleem Khan, secretary at the department of divestment, said.
New Delhi aims to raise 300 billion rupees ($5.5 billion) through share sales in state-run companies in the current fiscal year that ends next March, but has thus far drawn a blank as weak market conditions have deterred public issues or auctions.
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