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India Considers Selling Stakes in Its Mammoth Coal, Zinc Miners
India plans to sell small stakes in state-run firms including the world’s biggest coal miner and Asia’s largest zinc producer, to ride a stock market boom and boost revenue in the final quarter of the financial year, according to people familiar with the matter. The government is looking to sell 5%-10% in Coal India Ltd., Hindustan Zinc Ltd., Rashtriya Chemicals and Fertilizers Ltd. via the so-called offer-for-sale mechanism, the people said, asking not to be identified as the details aren’t yet public. In all, five firms could be chosen, including a listed entity under the railway ministry, they added. At ... (full story)
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- Posted: Nov 25, 2022 2:39am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 90
