{"id":538599,"date":"2022-11-26T10:09:25","date_gmt":"2022-11-26T04:39:25","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=538599"},"modified":"2022-11-26T11:08:54","modified_gmt":"2022-11-26T05:38:54","slug":"india-considers-selling-small-stakes-in-its-mammoth-coal-zinc-miners-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/india-considers-selling-small-stakes-in-its-mammoth-coal-zinc-miners-2\/","title":{"rendered":"India considers selling small stakes in its mammoth coal, zinc miners"},"content":{"rendered":"<p>India plans to sell small stakes in state-run firms including the world\u2019s biggest coal miner and Asia\u2019s largest zinc producer, to ride a stock market boom and boost revenue in the final quarter of the financial year, according to people familiar with the matter. <\/p>\n<p>The government is looking to sell 5%-10% in Coal India Ltd., Hindustan Zinc Ltd., Rashtriya Chemicals and Fertilizers Ltd. via the so-called offer-for-sale mechanism, the people said, asking not to be identified as the details aren\u2019t yet public. In all, five firms could be chosen, including a listed entity under the railway ministry, they added.<\/p>\n<p>At current prices, sales at the lower end of the range could fetch the government some 165 billion rupees ($2 billion), according to Bloomberg calculations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India plans to sell small stakes in state-run firms including the world\u2019s biggest coal miner and Asia\u2019s largest zinc producer, to ride a stock market boom and boost revenue in the final quarter of the financial year, according to people familiar with the matter. The government is looking to sell 5%-10% in Coal India Ltd., Hindustan Zinc Ltd., Rashtriya Chemicals and Fertilizers Ltd. via the so-called offer-for-sale mechanism, the people said, asking not to be identified as the details aren\u2019t yet public. In all, five firms could be chosen, including a listed entity under the railway ministry, they added. At [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,170,130],"tags":[],"class_list":["post-538599","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-coal-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/538599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=538599"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/538599\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=538599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=538599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=538599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}