India seeks divestments of BHEL, IOCL and Nalco, issues RFPs
Patrick John HANRAHAN/pjhpix - Fotolia
The Government of India has sent out requests for proposals for stake sales in Bharat Heavy Electricals, Indian Oil Corp and National Aluminium Company as part of its attempt to bulk up its reserves and bring down fiscal deficit. With many other names already in the queue, but very little action taken to execute the trades, bankers are increasingly worried that India will fail to meet its divestment target.
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