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Coal India buyback can cut fiscal deficit by 10%: FII view

Coal India's possible share buyback has been under the scanner lately. Although many have panned the idea, Oscar Veldhuijzen of The Children's Investment Fund Management said that the buyback is a win-win situation. "It would improve the value per share in Coal India and would also reduce the fiscal deficit by as much as 10%," he said.

first published: Nov 29, 2011 12:00 pm

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