India issues RFP for PFC and REC divestment

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India issues RFP for PFC and REC divestment

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Bollywood dancers are holding their vivid costumes. Hands are in a row | Fyle - Fotolia

After Oil and Natural Gas Corp (ONGC) and NHPC, the Indian government has now set to sell stakes in two more state-owned companies. The deals could collectively raise as much as Rp21.4bn ($353m) based on current prices.

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