The Union government's disinvestment department has been on a roadshow in five nations including Germany and the UK to attract foreign investors for its Rs 9,000-crore Coal India's five per cent stake sale. The roadshows are being held in New York, Boston and San Fransisco in the US, followed by Toronto in Canada and London in the UK, sources in the government said.
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India's first IDF in 2 months
Economic Affairs Secretary R Gopalan said he expects India's first Infrastructure Development Fund (IDF) in the next two months and the size of the fund is estimated at $3 billion.