Disinvestment of better run companies
The disinvestment department is learnt to have drawn up a list of relatively better performing CPSEs including bluechips like Nalco, NMDC, NTPC, and Coal India to go for offer for sale.
The blue chip PSUs like National Aluminium Co Ltd, Coal India Ltd, NTPC Ltd, NMDC Ltd, NBCC (India) Ltd, Bharat Electronics Ltd, National Fertilisers Ltd and Hindustan Copper Ltd, are also on the list of probables for OFS where the government's shareholding in these companies is in the range of 52-82%.
The market offering will be subject to the nod from the Prime Minister's Office and good market conditions to fetch high value of stake sale, said sources.
The blue chip PSUs like National Aluminium Co Ltd, Coal India Ltd, NTPC Ltd, NMDC Ltd, NBCC (India) Ltd, Bharat Electronics Ltd, National Fertilisers Ltd and Hindustan Copper Ltd, are also on the list of probables for OFS where the government's shareholding in these companies is in the range of 52-82%.
The market offering will be subject to the nod from the Prime Minister's Office and good market conditions to fetch high value of stake sale, said sources.
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| Photo: Business Standard |
In the current fiscal, the government had announced there could be strategic disinvestments where the undertaking is still to be retained in government control, to go below 51% to an appropriate level, on a case to case basis.
It has also decided to modify the present policy of retaining 51% government stake inclusive of the stake of government-controlled institutions as Finance Minister Nirmala Sitharaman had said in her Budget speech.
It has also decided to modify the present policy of retaining 51% government stake inclusive of the stake of government-controlled institutions as Finance Minister Nirmala Sitharaman had said in her Budget speech.
Source: Live Mint (Edited)
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