CORRECTED-India defers decision on stake sale in state firms
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Loading ...June 10 (Reuters) – India’s federal cabinet on Thursday deferred a decision to sell stake in state-run Coal India and miner Hindustan Copper Ltd (HCPR.BO), Mines Minister B.K. Handique told reporters.
India is planning to sell stake in the two firms as part of a plan to offload holdings in 60 state firms in coming years.
The government is targeting to garner 400 billion rupees ($8.5 billion) via stake sales in state firms in the fiscal year that began on April 1. (US$1=47 rupees) (Reporting by Nigam Prusty)
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