India Wants To Sell Stake in Public Entities to Raise $20 Billion

India Wants To Sell Stake in Public Entities to Raise $20 Billion - Moby THE GIST The Modi-led Indian government wants to sell stakes in public assets to raise about $19.7 billion over the next four years. Why? Because it wants to raise money without debt. The IPOs will be for companies in core service sectors including railways, power, petroleum & natural gas, aviation, and coal. All industries central to India’s infrastructure and development agenda. WHAT HAPPENED New Delhi wants to pawn off public ...