|Chennai||Rs. 24470.00 (1.37%)|
|Mumbai||Rs. 24900.00 (0.97%)|
|Delhi||Rs. 24200.00 (1.26%)|
|Kolkata||Rs. 24160.00 (0%)|
|Kerala||Rs. 24000.00 (0.63%)|
|Bangalore||Rs. 23800.00 (0%)|
|Hyderabad||Rs. 24140.00 (1.17%)|
NEW DELHI (Reuters) - The cabinet approved a proposal on Thursday to sell a 10 percent stake in the state-run NMDC Ltd via a share sale, Heavy Industries Minister Praful Patel told reporters.
The government is looking to raise 300 billion rupees selling shares in state-run firms to fund a fiscal gap that is threatening to hit 6 percent of GDP this fiscal year, which ends in March 2013.
(Reporting by Nigam Prusty; editing by Matthias Williams)