Centre may sell 5-10% stake in CIL, RCFL, Hindustan Zinc

The central government is planning to sell 5-10 per cent stake in Coal India, Hindustan Zinc and Rashtriya Chemicals and Fertilizers (RCFL) through the offer-for-sale mechanism, as per a news report in Economic Times. At current prices, sales at the lower end of the range could help the government garner around Rs.165 billion.