Govt Mulls To Sell 25% Stakes In Defence Companies Through IPO


Indian Government is looking to sell up to 25% stake in four state-owned companies under the control of the defence department via an initial public offering (IPO).

The government is considering selling stakes in Mazagon Dock, Bharat Dynamics, Garden Reach Shipbuilders & Engineers and Mishra Dhatu Nigam.

The government has been divesting its stake in several public and private companies in order to meet its ambitious target to generate funds of approx Rs 7,250 crore during FY18.

In FY17, the government has raised Rs 46,247 crore via disinvestment, the highest amount ever earned by the sale of equity stakes in PSUs.

Recently, the government has reduces stakes in many public sector companies including Hindustan Copper, Cochin Shipyard, HUDCO, L&T (held through SUUTI) and Dredging Corporation. Read More…

You may also read!

Rajasthan on High Alert over Suspected Presence of Afghan Terror Threat

The Rajasthan Police has sounded a high alert across the state after information was received that four terrorists have

Read More...

Pakistani commando behind capture of Abhinandan killed

A Pakistani commando who was behind the capture of Wing Commander Abhinandan Varthaman when his IAF jet crashed in

Read More...

Is PM Modi allowing Trump to play policeman in India-Pakistan tensions over Kashmir?

PM Narendra Modi Monday held his first conversation with US President Donald Trump on the Kashmir issue since the

Read More...

Leave a reply:

Mobile Sliding Menu