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MOIL, Shipping Corp share sales by end-November

The share sales are part of a broader government plan to sell stakes in about 60 Indian state-run firms, as India targets cutting its fiscal deficit and boosting spending on welfare programmes.

MOIL, Shipping Corp share sales by end-November
Share sales by the Indian government in state run firms Manganese Ore India Ltd (MOIL) and Shipping Corp are likely to hit the market by end-November, while an offer by Hindustan Copper is likely in December, disinvestment secretary Sumit Bose said.                    
 
The share sales are part of a broader government plan to sell stakes in about 60 Indian state-run firms, as India targets cutting its fiscal deficit and boosting spending on welfare programmes.

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