Uncertainty in equity markets delay govt’s PSE divestment plan
  • WebDesk BTVI
  • Jul 16 2019

DIPAM has decided to postpone government’s offer for sale (OFS) plan for PSEs due to uncertainty in equity markets, say sources. OFS for the 4 PSEs – Coal India, HUDCO, NBCC, and NLC – are likely to start in December quarter. The government department is looking to offload 5% equity in Coal India, 15% in HUDCO. Government expects to garner around Rs 7,000 crore from Coal India OFS.