Rediff Logo
Money
Line
Home > Money > PTI > Report
October 16, 2002 | 0850 IST
Feedback  
  Money Matters

 -  Business News Archives
 -  Corporate News Archives
 -  Business Special
 -  Columns
 -  IPO Center
 -  Message Boards
 -  Mutual Funds
 -  Personal Finance
 -  Stocks
 -  Tutorials
 -  Search rediff

    
      







 Secrets every
 mother should
 know



 Your Lipstick
 talks!



 Need some
 Extra Finance?



 Bathroom singing
 goes techno!



 
 Search the Internet
         Tips
 Sites: Finance, Investment

Print this page Best Printed on  HP Laserjets
E-Mail this report to a friend

Shiv Sena says divestment is nation's selloff

Shiv Sena chief Bal Thackeray on Tuesday night severely criticised the National Democratic Alliance government's divestment policy.

"We will not allow you to sell this nation through the divestment policy," Thackeray, whose party is a key constituent of the NDA, said while addressing the Sena's annual Dussehra rally in Mumbai.

Giving example of Batra Hospitality Limited purchasing Hotel Centaur in Santa Cruz for Rs 83 crore through divestment and selling it to a third party for Rs 120 crore, Thackeray said, "Who needs the money generated by such divestment."

The Sena chief said those acquiring public sector entities via divestment should be banned from selling it for at least 10 years.

Sena leader and Union Minister for Heavy Industries, Balasaheb Vikhe Patil, has written to Prime Minister Atal Bihari Vajpayee and explained the party's views on divestment.

ALSO READ:
The Divestment Development
More Money Headlines

Back to top
(c) Copyright 2002 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

Tell us what you think of this report

ADVERTISEMENT