India aiming to sell stakes in state-run cos by Nov - govt official

MUMBAI, Oct 12 (Reuters) - India aims to divest stakes instate-owned companies Oil India Ltd , Hindustan CopperLtd and National Aluminium Co Ltd byNovember, the official in charge of the government's divestmentprogramme said on Friday.

One of the divestments could take place by the last week ofOctober, Mohd. Haleem Khan, secretary at the department ofdivestment, said.

New Delhi aims to raise 300 billion rupees ($5.5 billion)through share sales in state-run companies in the current fiscalyear that ends next March, but has thus far drawn a blank asweak market conditions have deterred public issues or auctions.

(Reporting by Shamik Paul; Editing by Anand Basu)


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