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Govt approves strategic stake sales in 28 PSUs: Minister

The government has so far raised 173.64 billion rupees ($2.43 billion) in the 2019/20 fiscal year ending in March.

Reuters|
Updated: Nov 18, 2019, 03.52 PM IST
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Agencies
stake sale
India's cabinet has given 'in-principle' approval for the sale of strategic stakes in 28 state-run companies.
India's cabinet has given 'in-principle' approval for the sale of strategic stakes in 28 state-run companies including state carrier Air India, junior finance minister Anurag Singh Thakur told lawmakers on Monday.

The government has so far raised Rs 17,364 crore ($2.43 billion) in the 2019/20 fiscal year ending in March, against the full-year's target of Rs 1.05 lakh crore, the minister said in a written reply in the lower house of parliament.

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