Oops Govt mulls selling 5%-10% stake in Coal India, Hindustan Zinc, Rashtriya Chemicals - GROWMUDRA

Top companies

ASIANPAINT - 2295 (-0.36%) AXISBANK - 1207.1 (1.04%) BAJAJFINSV - 2015.1 (-0.36%) BAJFINANCE - 9210 (-0.62%) BHARTIARTL - 1865 (0.48%) BPCL - 319.5 (-0.68%) COALINDIA - 398.5 (0.08%) HDFCBANK - 1937.6 (0.73%) HEROMOTOCO - 4355 (-0.17%) HINDUNILVR - 2364.2 (0.09%) ICICIBANK - 1461 (0.5%) INDUSINDBK - 825 (2.47%) ITC - 419.35 (-0.2%) KOTAKBANK - 2095.5 (1.02%) MARUTI - 12427 (0.78%) ONGC - 244.45 (0.73%) RELIANCE - 1419.5 (0.47%) SBIN - 798.1 (0.19%) TATAMOTORS - 725.45 (1.04%) TATASTEEL - 163.15 (1.18%) TCS - 3494 (-0.11%) TITAN - 3600 (0.71%) WIPRO - 250.52 (1.25%)
TRENDING #Nifty 503 #Nifty Bank1 #Castrol India Limited1 #BSE Limited1

Govt mulls selling 5%-10% stake in Coal India, Hindustan Zinc, Rashtriya Chemicals

28 Nov , 2022   By : Kaushiki Mehta


Govt mulls selling 5%-10% stake in Coal India, Hindustan Zinc, Rashtriya Chemicals

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.











India had budgeted Rs 65,000 crore from such asset sales in the year through March, but has so far raised just over a third of the target, mainly from the $2.7 billion initial public offering of Life Insurance Corp. in May.














Roadshows have started to gauge investor interest in the stake sales, the people said. A spokesperson for the Finance Ministry couldn’t be reached for comment.














Coal India jumped about 46% in the past year, while Rashtriya Chemicals gained 58%, out ..


0 Comment


LEAVE A COMMENT


Growmudra © 2025 all right reserved

Partner With Us