Coal India Should Shun Foreign Acquisitions, Investor Says

Bloomberg reported that an investor sees more opportunity in the domestic market for Coal India (BOM:533278) than in overseas acquisitions.

The market news is quoted as saying:

Coal India, which accounts for more than 80 percent of India’s output of the fuel, needs the government’s permission to acquire stakes in unlisted units of listed foreign companies. It has also asked for relaxation of a requirement that investments yield an annual return of at least 12 percent.

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