The Finance Ministry has sought certain clarifications on the proposed disinvestment in Coal India, and has asked the Coal Ministry to submit a revised proposal on it.
"The Department of Disinvestment of the Finance Ministry has sent back the CIL disinvestment proposal to the coal ministry and has asked them whether it wants to sell its stake or company wants to issue fresh equity," a person in the know of the development told PTI.
"The Coal Ministry wanted their comprehensive view on the proposed disinvestment in Coal India, so it had not clearly mentioned about whose share will be sold in the market," he added.
A senior Coal Ministry official said that a revised proposal would soon be sent to the Disinvestment Department.
