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News Brief | July 2014

Coal India stake sale

Coal India Ltd and NMDC Ltd are among 36 State-owned companies that may need to sell about $11 billion of shares after the stock market regulator raised the minimum public holding in government entities. Companies must increase the public float to at least 25 per cent from 10 per cent within three years, UK Sinha, Chairman of the Securities and Exchange Board of India (Sebi), told reporters after a board meeting.
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