The government has drawn up 25 state firms for stake sales, the Financial Express newspaper reported on Wednesday.
These include Nuclear Power Corporation of India, National Bank for Agriculture and Rural Development (NABARD), Exim Bank of India, Punjab & Sind Bank, Indian Railways Finance Corporation and National Housing Bank, the paper said, quoting unnamed sources.
Other companies planning initial public offers include SBI Caps and SBI Fund Management, both subsidiaries of government-controlled SBI, it said.
Many of these IPOs could hit the market after the follow-on public offers of 5% each in NTPC and Rural Electrification Corporation, and a 10% stake sale in unlisted Satluj Jal Vidyut Nigam Ltd are completed in the current financial year, the paper said.
UTI Asset Management Co, Cotton Corporation of India, NTPC Electric Supply Co Ltd and HMT (International) Ltd, it said. On Tuesday, Finance Minister Pranab Mukherjee told parliament the government would sell up to 10% of its stake in the profit making state-run firms.
These include Nuclear Power Corporation of India, National Bank for Agriculture and Rural Development (NABARD), Exim Bank of India, Punjab & Sind Bank, Indian Railways Finance Corporation and National Housing Bank, the paper said, quoting unnamed sources.
Other companies planning initial public offers include SBI Caps and SBI Fund Management, both subsidiaries of government-controlled SBI, it said.
Many of these IPOs could hit the market after the follow-on public offers of 5% each in NTPC and Rural Electrification Corporation, and a 10% stake sale in unlisted Satluj Jal Vidyut Nigam Ltd are completed in the current financial year, the paper said.
UTI Asset Management Co, Cotton Corporation of India, NTPC Electric Supply Co Ltd and HMT (International) Ltd, it said. On Tuesday, Finance Minister Pranab Mukherjee told parliament the government would sell up to 10% of its stake in the profit making state-run firms.
1 comment:
Why they do like this.They don't change.So the solution is ....................(u know).
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