FinMin to meet on Balco stake sale

Hoping to fast track the residual stake sale in Balco, the finance ministry has called an inter-ministerial meeting on Friday. The meeting, which is understood to discuss modalities of the stake sale including valuation and timeline, has been called by disinvestment secretary Ravi Mathur. Officials from the ministry of corporate affairs, mines and department of economic affairs are expected to attend the meeting.  Meanwhile, state-run defence equipment maker Hindustan Aeronautics Ltd is expected to come with its initial share sale to offload 10 per cent stake in the current fiscal.