July 22 (Reuters) – India’s cabinet approved share sale in the state-run power transmission utility Power Grid Corp (PGRD.BO) on Thursday, a government spokeswoman said.
The Indian government plans to raise roughly $8.5 billion from share sales in state-run firms in the current fiscal year that ends in March 2011. [ID:nSGE64R0BK]
($1=47.3 rupees)
(Reporting by Nigam Prusty; editing by Malini Menon)
