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.

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"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.