The
sale,
first
flagged
in
September,
is
part
of
a
wider
divestment
programme
that
aims
to
help
India
cut
its
5.8%
fiscal
deficit,
which
has
triggered
warnings
of
a
potential
credit
rating
downgrade.
The
government
aims
to
raise
$5.6
billion
in
the
year
to
March
2013
with
the
sales,
in
which
stakes
in
steel,
power
and
other
public
companies
are
also
being
sold.
India
currently
owns
around
three
quarters
of
the
company
ahead
of
Friday’s
share
sale,
which
is
being
made
on
domestic
stock
exchanges.
Last
March,
the
government
sold
5%
of
Oil…
