CCEA, Cabinet to take up divestment issue on Jan 10

The Cabinet and the CCEA will meet on the 10th January to consider several proposals including divestment in EIL.

January 08, 2013 / 09:45 IST

26 Aug, 2025 12:21

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The Cabinet and the CCEA will meet on January 10 to consider several proposals including divestment in EIL. The government currently holds 80.40% stake in the company and is looking at divesting 10% paid up equity through a follow on public offering.

Also read: CAG to begin KG-D6 audit on Jan 9

The government expects to raise about Rs 766 crore from the FPO. Meanwhile, the Cabinet will consider revival of Scooters India where government is mulling to infuse Rs 200 crore for the ailing three-wheeler company.

first published: Jan 7, 2013 05:49 pm

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