January 31, 2013 / 11:58 AM / 5 years ago

Govt expects 10 percent lower receipts from stake sale

NEW DELHI (Reuters) - The government is likely to raise 270 billion rupees through sale of its stake in state-run companies, 10 percent lower than the initial target for the current fiscal year ending in March, Disinvestment Secretary Ravi Mathur told reporters on Thursday.

Indian currency notes are stapled to form a garland at a market in Srinagar May 20, 2008. REUTERS/Fayaz Kabli/Files

In March last year, the government had fixed a target of 300 billion rupees through partial privatisation of state-run companies during this fiscal year.

Reporting by Arup Roychoudhury; Editing by G.Ram Mohan

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