CIL 10% stake to be sold by GoI

Q.  To meet the fiscal deficit, the government decided sell up to ____ per cent stake in state owned Coal India Ltd.
- Published on 23 Jan 15

a. 5%
b. 10%
c. 25%
d. 25%

ANSWER: 10%
 
The decision will help the government to raise revenue of 24,000 crore rupees at the current market price. Currently, the government holds 89.65 per cent stake in CIL. As per the minimum shareholding norms for listed companies, the government needs to lower its stake in the state-run behemoth to 75 percent.

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