Finance Minister Arun Jaitley today said that the government has finalized plans to sell a part of its stake in Coal India, Oil and Natural Gas Corporation, ONGC and National Hydro Power Corporation, NHPC under its disinvestment programme for 2014-15. In a written reply in Rajya Sabha today, Mr Jaitley said, it will mop up around 58,425 crore rupees. He said, the recent fall in share prices of Coal India, ONGC and NHPC is nothing unusual and does not show any diminished appetite for these stocks. He added that disinvestment increases the quantity of Central Public Sector enterprises stocks in the market. Mr Jaitley said, as a general phenomenon when the supply of any stock in the market increases, there is a run-down on the stock price.
News On AIR | December 9, 2014 8:11 PM
Govt to sell part of its stake in Coal India, ONGC, NHPC<br/>