Govt looking to divest stake in 6 state-run firms


Govt looking to divest stake in 6 state-run firms

The government may sell stake in six state-run companies, including NTPC, MMTC, BHEL and Coal India.

A report by ETNow said that government readies divestment plan from September-March period. It may divest 3 per cent stake in NTPC and 15 per cent stake in MMTC.

The report further added that the government may sell up to 5 per cent stake in Bhel and Coal India and 8 per cent in Hindustan Copper and NMDC.

Shares of MMTC were trading over 1.50 per cent up after the report, while Hindustan Copper, BHEL and NTPC were down up to 1.75 per cent. Coal India was up 0.38 per cent at Rs 280.30 at around 1.40 pm (IST). Read More

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