SUBSCRIBERS
Delhi kicks off privatisation drive with sale of steelmaker stake
Add BT as a preferred sourcePublished Fri, Dec 5, 2014 · 09:50 PM
DeeperDive is a beta AI feature. Refer to full articles for the facts.
New Delhi
INDIA'S new right-wing government kicked off its troubled privatisation drive on Friday, selling a 5 per cent stake in the state-controlled Steel Authority of India Ltd (SAIL) to generate revenue and plug a gaping budget deficit.
The offer of shares in the country's biggest domestic steel producer is the first in a string of asset disposals planned by the government led by Prime Minister Narendra Modi.
Share with us your feedback on BT's products and services
