Source: Reuters (via feed)
India is considering shelving three planned privatisation sales amid weak investor appetite, according to two government sources. This weak demand has already disrupted the government’s attempt to sell a stake in IDBI Bank. The slump represents a setback to the government’s flagship divestment programme.
The government sources confirmed that the planned sales are facing delays due to lack of investor interest.
BizTrendWire Insight:
India’s privatisation drive is encountering delays as investor demand weakens, affecting ongoing government sales efforts.
India’s privatisation drive is encountering delays as investor demand weakens, affecting ongoing government sales efforts.
