Also on the divestment front, the valuers for HZL and Balco have sought more time to submit valuation reports.
The finance ministry is preparing the divestment roadmap to meet 25 percent public shareholding norm for PSUs.
CNBC-TV18 learns that in order to meet the shareholding provisions, the Finance Ministry is expected to seek CCEA nod soon, on 5 percent divestment in REC and PFC.
The other likely candidates for 25 percent public shareholding norm include RCF, Dredging Corporation, NFL, MMTC and STC. Also on the divestment front, the valuers for HZL and Balco have sought more time to submit valuation reports. Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Oct 14, 2014 04:33 pm