Coal India stake sale on January 30

The government will sell its 10 percent stake in Coal India on Friday which may fetch the exchequer about Rs 24,000 crore.

Zee Media Bureau

The government will sell its 10 percent stake in Coal India on Friday which may fetch the exchequer about Rs 24,000 crore.

Jaitley had already said eallier that the government would sell its shares in public sector undertakings (PSUs) in the ongoing financial year ending March 31, 2015.

Coal workers, who were protesting against disinvestment in CIL, had called off their five-day nationwide strike after two days, as the government assured trade unions that the state-run miner will not be privatised and the employees' interest will be protected.

The government had garnered Rs 15,000 crore from the sale of a 10 percent stake through CIL's initial public offering (IPO) in October 2010.

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