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Last Updated : Oct 14, 2014 04:33 PM IST | Source: CNBC-TV18

Fin Min likely to seek CCEA nod on REC, PFC divestment soon

Also on the divestment front, the valuers for HZL and Balco have sought more time to submit valuation reports.

 
 
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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, NFLMMTC and STC.  Also on the divestment front, the valuers for HZL and Balco have sought more time to submit valuation reports. 

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First Published on Oct 14, 2014 04:33 pm
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