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Business News/ Market / Stock-market-news/  Coal India divestment should begin after Diwali in October: official
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Coal India divestment should begin after Diwali in October: official

Manoj Joshi, joint secretary of financial markets in finance ministry, said divestment should begin immediately after Diwali on 23 October

The central government wants to sell a 10% stake in Coal India this fiscal year ending 31 March as part of many divestments aimed at bolstering its stressed finances. Photo: BloombergPremium
The central government wants to sell a 10% stake in Coal India this fiscal year ending 31 March as part of many divestments aimed at bolstering its stressed finances. Photo: Bloomberg

Mumbai: Coal India Ltd’s divestment process should begin immediately after the Diwali festival on 23 October, Manoj Joshi, joint secretary of financial markets in the finance ministry, said on Wednesday.

India’s central government wants to sell a 10% stake in the state-owned company this fiscal year ending 31 March as part of many divestments aimed at bolstering its stressed finances. Reuters

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Published: 08 Oct 2014, 01:29 PM IST
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