In 2013-14, the central government plans to divest up to 10 per cent stake in Coal India (CIL) through the offer for sale (OFS) route, a top government source informed.
If the stake sale materialises, this would be the biggest disinvestment for the government in the 2013-14 fiscal. The government plans to raise Rs 40,000 crore by way of PSU stake sale next fiscal.
Reports indicate that a sale of 56.84 crore shares, or 10 per cent of government holding, could fetch over Rs 18,000 crore to the exchequer at the current stock price.
Merchant bankers and legal advisers would soon be appointed for managing the CIL stake sale by the Department of Disinvestment.
The government currently holds 90 per cent stake in CIL. In 2010, CIL got listed on the bourses through an initial public offering, through which the government raised Rs 15,199 crore by selling 10 per cent stake.
In 2012-13, the government revised down its target amount from disinvestment to Rs 24,000 crore from Rs 30,000 cr. It has raised over Rs 22,000 crore through stake sale in six companies -- NMDC, Hindustan Copper, Oil India, NTPC, RCF and Nalco in current fiscal so far.
The government raised Rs 11,458 crore through disinvestment in NTPC, Rs 3,141.51 crore from Oil India and Rs 5,973 crore from NMDC stake sale.
I wish to start pvc / pp electric wire unit in Delhi. What kind of information I can get if I subscribe for your magazine
Pls invite me all auction in gujarat
we are doing business developing for solar power ,thermal power , customer supporting and we have 45 mw splar power on hand needs investors.....
pls call +910842559230