GOVT is likely to sell the minority share in half a scale of government companies: Dipam Secretary

The Investment and Public Asset Department (Dipam) said that the government is planning to sell minority shares in about half of the state -running companies. However, companies that will be considered to sell shares have not confirmed.

The government plans to sell stocks in five public sector banks, including UCO Bank and Maharashtra Bank, in addition to reducing its shareholders in the largest insurance company in the country, Life Insurance Corporation in India to meet the minimum public stock standards in the market. At the same time, ONGC And NHPC The inserts of their green arms, ONGC and renewable energy NHPC were also explored, respectively.

Chawla told the Network18 Replassed 2025 event in New Delhi that the government is planning for the First General Forum (IPO) for a company run by the state in the natural resource sector in the current fiscal year. Chawla said the administration will overcome the goal of the lack of investment of 47,000 rupees in the current fiscal year.

The official added that there will be more offers for sale (OFS), and a few subscriptions of subscriptions and opportunities to create more value for the small retail investor. “We started with some stock sales at the beginning of the year, and we rose a little in days of nervousness, but with the stability of the markets, we will bring opportunities to create value to young investors. We will bring more parts, and we will attend sales of minorities shares, and we will bring a few private subscription programs as we will speed up this trip.”

Xola also expressed optimism that the IDBI was stripped of it will be completed by the end of the year.

Dipam Secretary said that insurance and defense spaces may see a procedure when it comes to subscription subscription subscriptions.