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Cabinet Committee on Disinvestment to meet today
New Delhi, July 10: The Cabinet Committee on Disinvestment (CCD) will meet today and is likely to take up, among other issues, the highly successful public offer of shares by car market leader Maruti Udyog Ltd (MUL).
New Delhi, July 10: The Cabinet Committee on Disinvestment (CCD) will meet today and is likely to take up, among other issues, the highly successful public offer of shares by car market leader Maruti Udyog Ltd (MUL).
Earlier, official sources said the minister will brief the committee on the public offer of MUL shares, which closed last month recording a massive oversubcription by 13 times.
The meeting is also expected to firm up transaction documents for sale of government equity in national fertilisers prior to inviting financial bids. Transaction documents for Hindustan Organic Chemicals and Shipping Corporation, where government proposes to offload controlling stake, are also likely to figure in the meeting, the sources said.
The issue of sale of residual stake in PSUs which have been disinvested is unlikely to figure at the meeting, sources had indicated stating that the proposal had to be vetted at various levels before being taken up at cabinet level. Bureau Report
The meeting is also expected to firm up transaction documents for sale of government equity in national fertilisers prior to inviting financial bids. Transaction documents for Hindustan Organic Chemicals and Shipping Corporation, where government proposes to offload controlling stake, are also likely to figure in the meeting, the sources said.
The issue of sale of residual stake in PSUs which have been disinvested is unlikely to figure at the meeting, sources had indicated stating that the proposal had to be vetted at various levels before being taken up at cabinet level. Bureau Report