To go ahead with CIL disinvestment: Chidambaram

June 13, 2013 02:58 pm | Updated June 22, 2016 09:29 am IST - New Delhi

New Delhi: Oct 30, 2009  ---- Union Home Minister, P. Chidambaram addressing a press conference, in New Delhi on Friday. Oct 30, 2009. Photo: Shanker Chakravarty NICAID:111827384

New Delhi: Oct 30, 2009 ---- Union Home Minister, P. Chidambaram addressing a press conference, in New Delhi on Friday. Oct 30, 2009. Photo: Shanker Chakravarty NICAID:111827384

Finance Minister P. Chidambaram, on Thursday, maintained that the government would go ahead with the proposed divestment in Coal India Ltd. (CIL) after the ‘voices of protest’ in the trade union is sorted out through discussions with the Ministry of Coal. A stake sale of 10 per cent of the Centre’s equity is expected to fetch Rs.20,000 crore to the exchequer.

“CIL disinvestment is on the list of companies that we have to disinvest in. But, the Ministry is talking to the union.

“There are some voices of protest. We will explain to them,” Mr. Chidambaram said at a press conference here.

While the Centre currently has a 90 per cent stake in the coal major, an inter-ministerial panel had last month had approved a 10 per cent offloading of the government’s holding.

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