New Delhi: The cabinet agreed to sell a 10% stake in state-owned aircraft maker Hindustan Aeronautics Ltd (HAL), a senior minister said on Thursday.
Science and technology minister, Jaipal Reddy, did not clarify on the timeline of the divestment or on the price the government expects to receive on the stake sale.
Government plans to sell stakes in 15 state-run firms by March 2013 and looks to raise Rs.30,000 crore from the sales to help plug a yawning gap in the fiscal budget.
http://www.livemint.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment