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.
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