Sep 13, 2013, 09.43 PM IST
CNBC-TV18's Anshu Sharma reports that the mines ministry has once again cited the law ministry's views, that a stake sale is not tenable unless the act is amended.
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Setback for Vedanta; Mines Min opposes Hind Zinc stake sale
CNBC-TV18's Anshu Sharma reports that the mines ministry has once again cited the law ministry's views, that a stake sale is not tenable unless the act is amended.
Like this story, share it with millions of investors on M3
Setback for Vedanta; Mines Min opposes Hind Zinc stake sale
CNBC-TV18's Anshu Sharma reports that the mines ministry has once again cited the law ministry's views, that a stake sale is not tenable unless the act is amended.
CNBC-TV18's Anshu Sharma reports that the ministry has once again cited the law ministry's views - a stake sale is not tenable unless the act is amended.
This comes as a setback to Vedanta, which has already taken shareholder approval for purchasing the balance government stake in HZL and Balco for a sum of Rs 25,000 crore.
Unless this objection is overcome, the government's intent of mopping up revenue through this sale is unlikely to fructify any time soon.
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