India’s government is considering asking state-controlled oil, power and coal producers to buy back their shares, rather than offer them at a discount through partial privatisations, as the country’s stock market weakens. The move will help the government avoid potential disputes with labour unions before national elections, which are due to be held next year. Coal India has about 180bn rupees ($2.7bn) in cash, with a buyback likely to increased its share value and prevent threatened strikes by unionised workers.
展开▼
