Govt weighs selling stake in staterun Coal India

NEW DELHI: Prime Minister Narendra Modi’s administration is planning to offload a stake in state-run Coal India Ltd to speed asset sales after a disastrous attempt to find a buyer for the cash-strapped Air India, people with knowledge of the matter said. The department of investment and public asset management is finalising the amount of stake to be offered in the financial year ending March 31, the people said, asking not to be identified as the matter is confidential. The government holds more than 78% in Coal India.