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Govt lines up PSU stake sales to cushion budget hit from oil
India is accelerating plans to divest stakes in major state-owned entities, including the nation's largest insurer, Life Insurance Corp., to boost public finances. Hindustan Zinc and several banks are also slated for stake sales. Officials are actively engaging with investment bankers to gauge market appetite and finalize offerings, aiming to raise significant funds to support the government's fiscal goals.
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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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Govt lines up PSU stake sales to cushion budget hit from oil
India is accelerating plans to divest stakes in major state-owned entities, including the nation's largest insurer, Life Insurance Corp., to boost public finances. Hindustan Zinc…
