The Indian cabinet has given approval to sell the government's remaining stakes in 5 PSU's, including Indian Petrochemicals Corp. Ltd. (IPCL) to raise Rs 50 billion rupees ($1.1 billion). Th eother PSU's where the government has minority stakeholding are metals firm Bharat Aluminium Company Ltd., oil retailer IBP Co. Ltd. , overseas calls provider Videsh Sanchar Nigam Ltd. , software services firm CMC Ltd.
23-Dec-05 
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