Centre tells HC it seeks 100 per cent disinvestment in RINL
Updated Jul 29, 2021, 10:15 am IST
The affidavit filed by Rajesh Kumar Singh stated that the apprehension of the petitioner regarding employees was imaginary
Rashtriya Ispat Nigam Ltd (Image credit: vizagsteel.com)
Vijayawada: The Centre has made it clear that it would go for 100 per cent disinvestment of its shareholding in Rashtriya Ispat Nigam Ltd along with the latter’s stake in its subsidiaries/joint ventures through strategic disinvestment by way of privatization.
This was stated in a counter affidavit the Centre filed in the AP High Court on Wednesday.
The Centre told the court that the cabinet committee on economic affairs had scored in-principle approval for 100 per cent disinvestment of the Center’s shareholding in RINL along with its stakes.
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