ICICI Securities, SBI Capital, and three others hired to manage Coal India stake sale

ICICI Securities, SBI Capital, and three others hired to manage Coal India stake sale

A worker unloads coal from a truck inside a coal yard at Saroda village in Gujarat July 5, 2014. REUTERS/Amit Dave/Files

Five Indian investment banks including ICICI Securities and SBI Capital have been hired to manage the government’s sale of a 10 percent stake in state-controlled Coal India, IFR reported on Thursday, citing two sources close to the matter.

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