ICPE issued the first number of the Public sector enterprises world news Newsletter
Public sector enterprises world news
Newsletter no. 1, December 2011
issued by ICPE, Ljubljana, Slovenia, EU
India mulls share buy-back of State companies
INDIA - India’s largest mining companies would suffer a sharp erosion of their current aggregate $14.12-billion free cash reserves once the Indian government goes ahead with its plans to reduce fiscal deficit through a buy-back of shares in these government majority-owned companies.
However, several of the mining and integrated metal companies have expressed reservations over government draw-down from their cash reserves, fearing deleveraging in their negotiations in acquiring overseas assets and domestic expansion investments.
Source: Mining Weekly.com
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