Govt wants profitable arms of PSUs listed

The government is mulling a proposal to encourage profitable subsidiaries of public sector units (PSUs) to seek listing and raise funds from the capital market. Sell-off blues?

The government is mulling a proposal to encourage profitable subsidiaries of public sector units (PSUs) to seek listing and raise funds from the capital market.

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"The proposal is at conceptual stage at the moment," a government source said. "The Department of Disinvestment (DoD) would soon discuss the proposal with the concerned ministries to find out its feasibility."

The DoD has called a meeting, next week, to discuss the proposal with the representatives of the concerned ministries.

"The Central Public Sector Enterprises (CPSEs) operating in sectors such as oil, power, coal and steel have profitable subsidiaries, which could be listed on the bourses," the source said.