India aims to sell stakes in companies via up to $490 mln ETF

Mar 14 2014, 15:58 IST
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The ETF will target mainly retail investors, although the fund will also be sold to institutional and foreign investors. (Reuters) The ETF will target mainly retail investors, although the fund will also be sold to institutional and foreign investors. (Reuters)
SummaryIndian government is seeking to raise $500 mn by selling partial stakes in state-owned companies.

reporting by Archana Narayanan in MUMBAI; Editing by Rafael Nam & Kim Coghill)

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