The Government is planning to sell its stake in Coal India, says a report. The Government presently holds more than 78 percent in Coal India. This stake sale from Government comes after a failed attempt to sell off stake in cash strapped national flag carrier Air India.
The report further states that, The Department of Investment and Public Asset Management is in the process of finalizing the number of stake to be sold. In January 2015, the government has offloaded 10 percent stake, for Rs. 22,550 crore.
@EPC World Media
Follow