Finance ministry clears decks for CIL acquisition plans

The finance ministry has assured the firm that the rule of a minimum 12 per cent internal rate of return (IRR) for acquisitions and also bar on unlisted companies will no longer be there as it can goahead with such plans, but with the ministry approval.

Finance ministry is clear about one thing that we can goahead with acquisition of even unlisted firms. As far as IRR is concerned, they say that now we can goahead with proposal even if the IRR is below 12 per cent.

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