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Article: India: Stake Sales in India Controlled Companies.
- Article from:
- TendersInfo
- Article date:
- August 24, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: babalu03
Stocks in Mumbai rebounded after government plans to lower stake in state controlled listed companies and ask private companies to increase public float. The Cabinet raised debt ceiling to 4% for state government allowing additional $5 billion of borrowing.
Stocks in Mumbai trading Sensex regains 15,000, Nifty above 4,500 as pivotals rally. Hindustan Zinc loses sheen on price cut. Wockhardt hardens after exiting animal health division.
The Sensex index in India increased 228.51 or 1.52% to 15,240.83 and CNX Nifty index rose 75.35 or 1.6% to 4,528.80. Among the Sensex 30 stocks, 28 advanced and 2 fell.
On BSE trading, ...