The cabinet is expected to clear the plan to cut majority stake in around 20 state-run firms on Wednesday , including several profit-making entities, signaling a restart of equity sale in public sector companies after a 12-year gap.
A consortium of global private equity funds TPG Capital and Temasek Holdings Pte Ltd, and India Value Fund Advisors (IVFA) are separately in advanced discussions to buy Kerala Institute of Medical Sciences (KIMS)
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India is preparing a plan for big-ticket asset sales that involves the disposal of controlling stakes in 22 listed and unlisted companies as the Centre looks to meet the full-year disinvestment target of Rs 56,500 crore