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Friday July 3, 12:10 PM Reuters

Govt to sell stake in NHPC, Oil India this fiscal

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NEW DELHI (Reuters) - India expects to raise 18.54 billion rupees ($386 million) from stake sales in two state-run firms in the current financial year to March 2010, a junior finance minister told parliament on Friday.

"The public offering of NHPC Ltd and Oil India Ltd are likely to be completed in the current financial year," Namo Narayan Meena said in a written reply to a question

"The public offering of RITES Ltd has been defered for the present by the company due to change in capital requirement of the company."

(For more news on Reuters Money click http://in.reuters.com/money)

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