Commodities

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

Credit: REUTERS/DANISH SIDDIQUI

India's cabinet has given 'in-principle' approval for the sale of strategic stakes in 28 state-run companies including state carrier Air India, junior finance minister Anurag Singh Thakur told lawmakers on Monday.

NEW DELHI, Nov 18 (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.

($1 = 71.3500 Indian rupees)

(Reporting by Manoj Kumar; Editing by Muralikumar Anantharaman)

((manoj.kumar@thomsonreuters.com; +91 11 4954 8029; Reuters Messaging: manoj.kumar.thomsonreuters.com@reuters.net))

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