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India's $2 billion state stake sales buck equity market slowdown
India's government secured a significant $2 billion from stake sales in state-run companies last quarter, a rare positive for the subdued capital market. This substantial divestment, primarily from Coal India and NHPC, provided a crucial boost to non-tax revenue amidst global market volatility and geopolitical concerns. The move highlights the government's strategy to bolster finances through public sector asset sales.
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economictimes.indiatimes.com
India's $2 billion state stake sales buck equity market slowdown
India's government secured a significant $2 billion from stake sales in state-run companies last quarter, a rare positive for the subdued capital market. This substantial…
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thehindubusinessline.com
How government’s stake sales lit up a lacklustre stock market
Government stake sales raised ₹18,560 crore, boosting India's lackluster stock market amid geopolitical tensions and economic concerns.