No plans for divestment in TN, says Thiagarajan

The state government has no plans to divest its stake in any of the public enterprises, finance minister P T R Palanivel Thiagarajan has said. “Have no intent to sell the state government’s stakes and am not interested in the politics behind it either. This is because the system is broken. To sell stakes and bring the cash into a broken system is not a good idea. Right now, we will get only 50%-60% benefit for every rupee sold,” he said in reply to a question at a webinar, ‘Tamil Nadu: The Road Ahead’ organized by IIMBAA Chennai on Friday.

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