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!

Pakistan official: Bomb at Quetta mosque kills 2, wounds 28

A bombing Friday at a mosque in the Pakistani city of Quetta, the capital of restive Baluchistan province, killed

Read More...

Daily flight between Vijayawada and Mumbai from tomorrow

For the first time, the Vijayawada airport is going to have a direct flight to Mumbai every day. The

Read More...

U.S. Sends 1,500 Troops to Mideast After Blaming Attacks on Iran

President Donald Trump ordered more troops to the Middle East as the Pentagon blamed Tehran for recent attacks in

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu