Divestment in eight PSUs set for Oct-Dec? | business | Hindustan Times
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Divestment in eight PSUs set for Oct-Dec?

business Updated: Sep 12, 2012 21:41 IST

PTI
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As part of the government's disinvestment plans, around eight public sector companies are likely to hit the capital market in the October-December period, a top official has said.

Bhel, Sail, Hindustan Copper, Nalco, NMDC, NTPC, Neyveli Lignite and RINL are lined up for disinvestment in the next quarter, disinvestment secretary MH Khan said.

"We have taken a broad decision that in this third quarter we have to do so many things... I think, there are decent numbers... seven or eight companies are lined up and they are at various level of preparations," Khan told PTI on the sidelines of a workshop held in Mumbai on Tuesday evening.

Though all these PSUs are lined up for stake sale, whichever is ready first will hit the market, he said, adding, it will be difficult to predict which company will hit the market first as it depends on many factors.

Through the disinvestment process, the government will offload at least 5% of its holding in these companies, Khan added.