India may consider MMTC stock split before stake sale-secretary
NEW DELHI |
NEW DELHI Aug 17 (Reuters) - India could consider a stock split of the state-run trader MMTC (MMTC.BO), before its proposed 10-percent stake sale later this fiscal year, Trade Secretary Rahul Khullar told reporters on Tuesday.
India aims to sell shares of about 60 state-run firms in the coming years as it looks to boost spending on social welfare schemes without widening its fiscal deficit. [ID:nDEL460505]
(Reporting by Rajesh Kumar Singh; editing by Malini Menon)
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