The new government plans to sell a 5 per cent stake in state-run Steel Authority of India Ltd this fiscal year ending March, finance minister Arun Jaitley said on Friday.
Prime Minister Narendra Modi, who won a landslide election victory in May largely on a promise of economic growth, is expected to speed up divestments to bolster revenue generation.
Reuters reported about the stake sale on June 17 citing sources.
Source: Reuters
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