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Govt could sell another 5% in Neyveli Lignite

The government has already sold a 6.4 percent stake in the company

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Reuters New Delhi

India is considering selling another five percent stake in lignite miner and power generator Neyveli Lignite, Coal Minister Sriprakash Jaiswal told reporters on Monday.

"The finance ministry has recently communicated to us we may sell a 5 percent stake," Jaiswal said.

The government has already sold a 6.4 percent stake in the company.

Shares in the company were up 3.42 percent to Rs 83.20 by 1: 53 p.m.

 

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First Published: Aug 27 2012 | 2:00 PM IST

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