Sell-off plans buoyed by record $3.5bn Coal India IPO

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Sell-off plans buoyed by record $3.5bn Coal India IPO

Investors have poured into the $3.5bn initial public offering of a 10% government stake in Coal India, paving the way for a multi-billion dollar flurry of privatisations as the state looks to tackle the country’s deficit. And to judge by this week’s deal, international buyers will play a crucial role in the plans.

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