Sep 16, 2013, 08.24 AM | Source: CNBC-TV18
CNBC-TV18's Anshu Sharma reports that the mines ministry has once again cited the law ministry’s views, that a stake sale is not tenable unless the act is amended.
Anshu Sharma (more)
Senior Correspondent, CNBC-TV18 |
CNBC-TV18’s Anshu Sharma reports that the ministry has once again cited the law ministry’s views - a stake sale is not tenable unless the act is amended.
This comes as a setback to Vedanta, which has already taken shareholder approval for purchasing the balance government stake in HZL and Balco for a sum of Rs 25,000 crore.
Unless this objection is overcome, the government’s intent of mopping up revenue through this sale is unlikely to fructify any time soon.
In an interview to CNBC-TV18 Power Minister Piyush
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