Foreign investors want government to defer Coal India stake sale

Industry:    2015-12-14

NEW DELHI: Opposing an immediate stake sale in Coal IndiaBSE 0.34 % Ltd, foreign investors have told the Finance Ministry that further disinvestment in the coal miner should be put off as the current market valuation is low. Foreign investors such as Fidelity, Wellington Management and BlackRock have also conveyed that they might look at selling their holding in Coal India since the share price could plummet further in case the disinvestment happens soon, sources told PTI. .. Read more at: http://economictimes.indiatimes.com/articleshow/50159708.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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