New Delhi: The government is expected to sell shares in 17 to 18 state firms in each of the next two fiscal years, with an issue happening every two to three weeks, an Indian daily reported, citing an unnamed government official.
The paper said on Thursday the ministry of disinvestment was consulting with administrative ministries of more than 50 state-owned firms to assess the preparedness for a public offer.
The firms' capital expenditure needs were being examined in order to have a combination of fresh equity and sales of existing government holding, it said.
The plan would start from April 2010, although the paper noted four public issues were already lined up for the March quarter.
Bureau Report
First Published: Thursday, December 31, 2009, 11:45