India likely to defer selling stake in country’s largest miner

July 25, 2017

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Fearing poor valuations owing to lower production and offtake, the Indian government is likely to defer plans to divest holdings in Coal India Limited (CIL). The government had planned to sell a 10% equity stake in the current financial year, but indications are that this will be deferred until the next year, or at least until the country’s largest miner is able to improve its volumes and its shares become more attractive to private investors.

Category: General