Oct 04, 2012, 10.50 AM | Source: CNBC-TV18
The government will soon decide to offload additional stakes in Engineers India and Power Grid Corporation.
Accordingly, the government may consider selling a fresh 5-percent stake in PowerGrid through the offer-for-sale route later this year. It is also going to consider the sale of another 10 percent stake in Engineers India.
Both proposals are expected to be taken up by the CCEA in the days to come, once the disinvestment department floats the proposals in this regard. Though the timelines have not been decided as yet, the government will try and ride the ongoing uptick in the stock markets.
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