November 18, 2019 / 8:09 AM / 24 days ago

India plans strategic stake sales in 28 state-run companies: minister

NEW DELHI (Reuters) - India’s cabinet has given ‘in-principle’ approval for the sale of strategic stakes in 28 state-run companies including state carrier Air India [AIN.UL], junior finance minister Anurag Singh Thakur told lawmakers on Monday.

The government has so far raised 173.64 billion rupees ($2.43 billion) in the 2019/20 fiscal year ending in March, against the full-year’s target of 1.05 trillion rupees, the minister said in a written reply in the lower house of parliament.

Reporting by Manoj Kumar; Editing by Muralikumar Anantharaman

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