The Union bureau on Wednesday endorsed stake deals in 11 state-claimed organizations, hailing off the disinvestment procedure for 2017-18.
The bureau council on monetary issues (CCEA), led by the Prime Minister Narendra Modi, cleared the posting of shares in
(i) Rail Vikas Nigam Limited (RVNL),
(ii) IRCON International Limited,
(iii) Indian Railway Finance Corporation (IRFC) Ltd,
(iv) Indian Railway Catering and Tourism Corporation (IRCTC) Ltd,
(v) RITES Ltd,
(vi) Bharat Dynamics Limited (BDL),
(vii) Garden Reach Shipbuilders and Engineers (GRSE) Ltd,
(viii) Mazagon Dock Shipbuilders Limited (MDSL),
(ix) North Eastern Electric Power Corporation (NEEPCO) Ltd,
(x) MSTC Ltd and
(xi) Mishra Dhatu Nigam Ltd.
The posting of organizations will be through open offer of shares upto 25% of Government of India's shareholding, which may incorporate offer of new shares for raising of assets from market.
"Be that as it may, genuine disinvestment in regard of each CPSE alongside the method of raising assets has been appointed for choice on a case to case premise to the option component, headed by the back pastor," an official discharge said.
The CCEA has additionally affirmed reservation of shares for the qualified representatives of 11 CPSEs as per the surviving arrangements of SEBI Regulations.
With a view to guarantee more extensive interest by little financial specialists in the CPSEs' disinvestment program, a value rebate upto 5% on the issue cost has likewise been endorsed for the retail speculators and qualified representatives of 11 CPSEs partaking in this offer.
Out of 11 organizations 5 organizations are connected with Indian railroads
(i) Rail Vikas Nigam Limited (RVNL),
(ii) IRCON International Limited,
(iii) Indian Railway Finance Corporation (IRFC) Ltd,
(iv) Indian Railway Catering and Tourism Corporation (IRCTC) Ltd,
(v) RITES Ltd,
The bureau council on monetary issues (CCEA), led by the Prime Minister Narendra Modi, cleared the posting of shares in
(i) Rail Vikas Nigam Limited (RVNL),
(ii) IRCON International Limited,
(iii) Indian Railway Finance Corporation (IRFC) Ltd,
(iv) Indian Railway Catering and Tourism Corporation (IRCTC) Ltd,
(v) RITES Ltd,
(vi) Bharat Dynamics Limited (BDL),
(vii) Garden Reach Shipbuilders and Engineers (GRSE) Ltd,
(viii) Mazagon Dock Shipbuilders Limited (MDSL),
(ix) North Eastern Electric Power Corporation (NEEPCO) Ltd,
(x) MSTC Ltd and
(xi) Mishra Dhatu Nigam Ltd.
The posting of organizations will be through open offer of shares upto 25% of Government of India's shareholding, which may incorporate offer of new shares for raising of assets from market.
"Be that as it may, genuine disinvestment in regard of each CPSE alongside the method of raising assets has been appointed for choice on a case to case premise to the option component, headed by the back pastor," an official discharge said.
The CCEA has additionally affirmed reservation of shares for the qualified representatives of 11 CPSEs as per the surviving arrangements of SEBI Regulations.
With a view to guarantee more extensive interest by little financial specialists in the CPSEs' disinvestment program, a value rebate upto 5% on the issue cost has likewise been endorsed for the retail speculators and qualified representatives of 11 CPSEs partaking in this offer.
Out of 11 organizations 5 organizations are connected with Indian railroads
(i) Rail Vikas Nigam Limited (RVNL),
(ii) IRCON International Limited,
(iii) Indian Railway Finance Corporation (IRFC) Ltd,
(iv) Indian Railway Catering and Tourism Corporation (IRCTC) Ltd,
(v) RITES Ltd,