Friday, January 16, 2015

Stake in Coal Joint ventures

The Bill stipulates that a private sector entity cannot own more than 26 per cent in public-private joint
ventures in case of coal block allocations. However, if there is more than one private sector entity in a venture, then their total stake should not exceed 49 per cent. The Bill also prohibits government companies from alienating or transferring any interest in such joint ventures by taking loans or  advances from banks or financial institutions.

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