Govt to sell residual stake in divested firms: Shourie

By SiliconIndia   |   Tuesday, 25 November 2003, 08:00 Hrs
Printer Print Email Email
NEW DELHI: The Government will go ahead with plans to sell its residual stakes in five firms in which it has already transferred management control, Disinvestment Minister Arun Shourie said on Tuesday.

A court order freezing the sales of two cash-rich oil refiners -- HPCL and BPCL -- had cast doubts on the residual stake sales in software firm CMC Ltd, telecom firm Videsh Sanchar Nigam Ltd, Indian Petrochemicals Ltd, oil retailer IBP and Bharat Aluminium Co Ltd.

"Residual stake sales will go on," Shourie told reporters on the sidelines of a business conference.

Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..