Coal India shares slump on report govt to accelerate stake sale
Mar 18 2013 , Mumbai
The Economic Times reported the government was "quickly pushing ahead" with a 10 percent stake sale in Coal India with an aim to raise 200 billion rupees, without citing sources.
The finance ministry has cleared the proposal and sent it for approval by the government cabinet, the newspaper reported.
Coal India shares were down 4.5 percent as of 9:24 a.m.