Govt likely to sell 5% shares in PFC


If sources in finance ministry are to be believed, Govt is likely to sell a 5 percent stake in state-run  Power Finance Corporation Ltd next week as the government scrambles to meet part of a near USD 10 billion share sale target before March 31. “Five percent shares of PFC could be sold next week,” a senior finance ministry official said. He also said that state-run manganese miner  MOIL Ltd could be the next in line with a 10 percent stake sale.

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