For fiscal nutrition, four PSUs CIL, Nalco, Bhel and NMDC told to buy back shares

The government is pushing at least four central public sector enterprises (CPSEs) including Coal India to buy back their shares in a year end rush to raise more funds through disinvestment and make up a shortfall of about Rs 57,000 crore. The record FY16 asset-sale target is likely to be missed because of volatile market conditions.

Both Coal India and Nalco are in talks with their respective administrative ministries to buy up to 10 per cent of their shares, said a governm ..


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