Govt mulling selling residual stake in cos

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SummaryThe move is aimed at meeting the Rs 30,000-crore disinvestment target.

Rs 5,526 crore and net revenues of 11,405 crore in 2011-12.

On the other hand, Balco is an unlisted subsidiary of Vedanta and its valuation has been a bone contention between the mining firm and the government.

Last week, the government raised Rs 808 crore by selling 5.58 per cent stake in Hindustan Copper, which was the firststake sale in a PSU in the current financial year. The government may pare some of its stakes in few more companies like NMDC before 2012-end.

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