Govt Seeks Record Dividend From CIL
  • Prabha Hedge
  • Jan 06 2014

January 6: According to Bloomberg, India is seeking a record dividend of Rs.15,000 crore from Coal India to raise funds to help meet the budget-deficit target. Sources also say that the government intends to tap another state-owned company, NMDC for Rs.2,500 crore via a special dividend or share buyback, and sell half of its 21% stake in Axis Bank for about Rs.6,000 crore. Bloomberg’s Siddhartha Singh shares a detailed report.