Govt expects 10 percent lower receipts from stake sale

Last Updated: Thu, Jan 31, 2013 12:14 hrs
Indian currency notes are stapled to form a garland in Srinagar

NEW DELHI (Reuters) - The government is likely to raise 270 billion rupees through sale of its stake in state-run companies, 10 percent lower than the initial target for the current fiscal year ending in March, Disinvestment Secretary Ravi Mathur told reporters on Thursday.

In March last year, the government had fixed a target of 300 billion rupees through partial privatisation of state-run companies during this fiscal year.

(Reporting by Arup Roychoudhury; Editing by G.Ram Mohan)

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