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

Thackeray launches three fast-track DNA units under Nirbhaya scheme

Maharashtra chief minister Uddhav Thackeray has launched three state-of-the-art human DNA units under the Nirbhaya Scheme for efficiency in criminal investigations. A wildlife DNA unit in Nagpur makes Maharashtra the country’s first state to have a forensic testing lab for animals.  

How foreign policy has been Modi’s focus right from the start

The Midway Battle: Modi’s Roller-coaster Second Term By Gautam Chintamani Bloomsbury / 400 pages / Rs 699 Gautam Chintamani, a film historian and author, has penned an in-depth chronicle of prime minister Narendra Modi’s second

Remove unauthorized constructions without pressure: Thackeray to BMC

Maharashtra chief minister Uddhav Thackeray has instructed the Mumbai civic authorities to take immediate action on unauthorized constructions on war footing. In a virtual meeting held on Wednesday, Thackeray said no illegal construction will be tolerated in Mumbai and called upon the BMC to

Covid norms relaxed; Mumbai restaurants, shops to remain open longer

After extending timings of shops and restaurants as well as the reopening of cinema halls and theatres under specified SOPs from October 22, in view of the festive cheer, the Maharashtra government has allowed restaurants and eateries to remain open till 12AM and shops and establishments to function till 1

Global Hunger Index data collection flawed: Arvind Panagariya

Rubbishing the recently released Global Hunger Index 2021, wherein India has slipped to 101 position to be placed below Pakistan, Nepal and Bangladesh, Arvind Panagariya, professor of economics at Columbia University and former vice chairman, NITI Aayog, has said that data collection and methodologies used

‘Blue Zones’ concept of healthy living and its relevance in India

A long life span free from diseases and disability, the so-called healthy aging, has been a matter of prime interest to humanity. It is widely held that the life expectancy is a function of interplay between various genetic and environmental factors. There is scientific evidence to support the fact that on

Visionary Talk with Dr Arvind Panagariya, Professor, Columbia University & Former VC, NITI Aayog



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter