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Delhi kicks off privatisation drive with sale of steelmaker stake

Published Fri, Dec 5, 2014 · 09:50 PM
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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 …

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