Divestment programme well on track: Pranab | business | Hindustan Times
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Divestment programme well on track: Pranab

Finance minister Pranab Mukherjee on Tuesday termed Coal India Limited's public offer, set to fetch the government about Rs 15,200 crore, as an "unqualified success" and the government's disinvestment programme for this year was on track.

business Updated: Oct 26, 2010 20:46 IST
HT Correspondent

Finance minister Pranab Mukherjee on Tuesday termed Coal India Limited's (CIL) public offer, set to fetch the government about Rs 15,200 crore, as an "unqualified success" and the government's disinvestment programme for this year was on track.

CIL's IPO, the largest in India's capital market history, marks the start of a packed disinvestment calendar. A slew of public issues including those of blue chip companies such as PowerGrid Corporation, SAIL and Indian Oil are set to the hit the capital market over the next five months.

Mukherjee, however, said the public issues will be calibrated in a manner to ensure high share value.

"My point on disinvestment is that we will not do anything to disturb the market. We will not like to have a situation where our shares will be sold under-priced," Mukherjee said.