India's $2 billion state stake sales buck equity market slowdown

India's government secured a significant $2 billion from stake sales in state-run companies last quarter, a rare positive for the subdued capital market. This substantial divestment, primarily from Coal India and NHPC, provided a crucial boost to non-tax revenue amidst global market volatility and geopolitical concerns. The move highlights the government's strategy to bolster finances through public sector asset sales.