Government Likely to Sell 5% Stake in PFC Next Week: Report

New Delhi: The government is likely to sell a 5 per cent stake in state-run Power Finance Corporation next week, a finance ministry source said, as the government scrambles to meet part of a near $10 billion share sale target before March 31.

"Five per cent shares of PFC could be sold next week," a senior finance ministry official, who declined to be named as he was not authorised to speak to the media, told Reuters.

He also said that state-run manganese miner MOIL could be the next in line with a 10 per cent stake sale.

Copyright: Thomson Reuters 2015