Government likely to go ahead with Coal India Ltd. proposed 5% stake sale this month…

Government likely to go ahead with Coal India Ltd. proposed 5% stake sale this month says Coal Minister Sriprakash jaiswal

New Delhi: The government is likely to go ahead with its proposed 5 percent stake sale in Coal India this month that is expected to fetch around Rs 10,000 crore to the exchequer, after major trade unions reached an agreement on the quantum of disinvestment.

“Coal India disinvestment may hit the market in August as three of its five major trade unions have given their consent to proceed with 5 percent stake sale in the PSU,” Coal Minister Sriprakash Jaiswal told reporters here on Wednesday.