KM Financial Solutions | India aims to cut stake in state-run firms to minimum in FY20 -source
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India aims to cut stake in state-run firms to minimum in FY20 -source

India aims to cut stake in state-run firms to minimum in FY20 -source

Indian government will attempt
to cut its share holding in state-run companies in 2019/20 to
the minimum required under the rules, a government official
said, as it seeks to shore up 1.05 trillion rupees ($15.30
billion) through stake sales in the current fiscal year.

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