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India

NMDC Ltd (NMDC.NS)

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Exclusive: India aims to raise $47 billion from stake sales in state firms over 5 years - sources

NEW DELHI The Indian government has plans to raise as much as 3.25 trillion rupees ($47.4 billion) in the next five years by reducing its stakes in some large state-owned firms to 40%, two senior government officials told Reuters, in the nation's biggest privatization push in more than two decades.

Exclusive: India aims to raise $47 billion from stake sales in state firms over five years - sources

NEW DELHI The Indian government has plans to raise as much as 3.25 trillion rupees ($47.4 billion) in the next five years by reducing its stakes in some large state-owned firms to 40%, two senior government officials told Reuters, in the nation's biggest privatisation push in more than two decades.

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