Seven PSUs to be listed on stock exchange

The government says the PSUs’ listing on the exchange shall unlock their value and encourage investor participation in the enterprises

GN Bureau | December 28, 2018


#PSU   #CPSE   #stock exchange  

 The Centre on Friday has given its go ahead to list seven central public sector enterprises (CPSEs) on the stock exchange through initial public offering (IPO) and further public offer (FPO).

 
The PSUs include Telecommunication Consultants (India) Ltd. (TCIL), RailTel Corporation India Ltd, National Seed Corporation India Ltd. (NSC), Tehri Hydro Development Corporation Limited (THDC), Water & Power Consultancy Services (India) Limited (WAPCOS Ltd.), FCI Aravali Gypsum and Minerals (India) Limited and Kudremukh Iron Ore Company Ltd (KIOCL).
 
While addressing the media, minister of law and justice and electronics and information technology Ravi Shankar Prasad said the PSUs’ listing on the exchange shall unlock their value and encourage investor participation in the enterprises. Besides, alternative mechanism comprising of the finance minister, minister of road transport and shipping and the minster of concerned administrative ministry has been asked to decide on the extent, mode of disinvestment, pricing, time of listed CPSEs (including CPSEs to be listed in future).
 
The scope of eligibility criteria for listing of CPSEs has been expanded. CPSEs with positive net worth and net profit in any of the immediately three preceding financial years shall be eligible for listing on the stock exchange.

Comments

 

Other News

Land digitisation and India

The World Bank’s Ease of Doing Business report 2019 ranks India at 166 out of 190 countries in ‘Registering Property’, lower from last year’s ranking of 154. This, in spite of a 53-place jump in India’s overall ranking in the last two years alone!  

“India has huge potential to improve the account usage”

Financial inclusion can fuel the economic growth of a country. In conversation with Rahul Trivedi, Dr Pawan Bakhshi, of the Bill & Melinda Gates Foundation, talks about its India specific programmes which aim to broaden the reach of low-cost digital financial services for the poor. Edited excerpts:

Easing birthpangs

Most of us have paid at least one visit to a health facility. It is easy to identify quality care when we receive it – an attentive doctor, a responsive team of health workers, adherence to hygiene and safety protocols, and so on. Unfortunately, not everyone has access to high quality care, a situati

Eliminating tuberculosis within a generation

Published ahead of World TB Day (24 March 2019), The Lancet Commission on Tuberculosis estimates that there are significant financial benefits of reducing TB mortality. With the country shouldering one-fourth of the global burden and a predominant number of patients accessing care in the private sector, th

India a year unhappier

India is unhappier than ever before. The United Nation`s World Happiness report 2019 has ranked India at the 140th position from the previous 133 in 2018, dropping seven spots in just a year and 23 positions since 2015.   Out of the total 156 countries that were covered, India`s

On the line

Releasing a booklet on the railways achievements in the last five years, railways minister Piyush Goyal may have painted a rosy picture, but that does not subtract from its many troubles, chief among which is its worsening operating ratio.   The ratio is of working expenses to tr



Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter