Coal India divestment should begin after Diwali: Finance Ministry official
8 Oct 2014 11:59 PM IST
The government wants to sell a 10 percent stake in the state-owned company this fiscal
CBI is likely to inform the court about the alleged manipulation of facts (Photo: DC)
Mumbai: Coal India Ltd's divestment process should begin immediately after the Diwali festival on Oct. 23, Manoj Joshi, joint secretary of financial markets in the Finance Ministry, said on Wednesday.
The government wants to sell a 10 percent stake in the state-owned company this fiscal year ending March 31 as part of many divestments aimed at bolstering its stressed finances.
( Source : reuters )
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