We are looking at disinvestment of seven to eight companies this year. It would not be possible to work on more public issues in one year. The market should also be ready to accept the issues,” said an official in the finance ministry, who did not wish to be identified.
A significant part of the disinvestment target would be met through stake sales in companies such as Coal India Ltd (CIL) and Steel Authority of India Ltd (SAIL), he added.
Other big issues could come from Bharat Sanchar Nigam Ltd (BSNL) and MMTC, while Hindustan Copper, Manganese Ore India Ltd (MOIL), SJVNL and Engineers India Ltd (EIL) would be smaller issues.
The fate of some of the big issues, however, hangs in balance. The disinvestment department is struggling to find the right valuation for trading company MMTC and this could take the company off the disinvestment list this year. BSNL and CIL are facing opposition from trade unions.
To know more pl read ..Poor show..
Poor-show-forces-govt-to-scale-down-psu-stake-sale
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