The announcement was made at the company’s 37th anniversary celebration, themed ‘Beyond 37 – Past, Present & Future’, in Chennai.
The company said the entry...
Steep fall in revenue, increase in borrowings, huge step-up in expenditure to provide succour for the Covid-19 affected population and a slowdown in economic growth had resulted in a steep spurt in fiscal deficits of the Centre and states. Privatisation and monetisation, therefore, offer an ideal panacea.
