Cabinet Committee on Disinvestment (CCD) is expected to finalise the share holders’ agreement for privatisation of Hotel Corporation, Hindustan Zinc and ITDC hotels at its next meeting on October 23 after which financial bids will be invited. CCD will take up the issue of finalisation of share holders agreement for HCI, HZL and some hotels of ITDC. Thereafter, financial bids for the same will be invited by November, disinvestment secretary Pradip Baijal said at Economic Editors Conference, in New Delhi.
Baijal said CCD is slated to meet on October 23 to decide the issue.

Asked whether the government would be able to meet its disinvestment target of Rs 12,000 crore, Baijal said the target could be acheived if IBP, VSNL and Maruti disinvestment went through. Sounding a note of caution, he said there is no guarantee that the government would achieve the target as it was based on a number of factors such as interest of bidders and valuation issues. On the divestment of petrochemicals major IPCL, he said the matter was a complex one and the government has constituted a Group of Ministers (GoM) to look into the issue.
He said the government had raised Rs 207 crore during the current fiscal through sale of majority stake in CMC and Hindustan Teleprinters (HTL). Bureau Report