AL CIRCLE
Government going bania comes at a cost
Edited by : AL CIRCLE
1 min read
...In 2001, Sterlite Industries (India) Ltd. (Sterlite) won a bid in response to an auction by the Government of India, the ownership of 51 per cent of Bharat Aluminium Company Ltd. (Balco), an unlisted public limited company. As was the wont of the government’s disinvestment programme, the government retained the res-idual stake in public sector companies when it sold a controlling stake..
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