India Govt has issued an expression of interest on Tuesday morning for strategic disinvestment of all its 63.75% stake along with the management control, the deadline for submitting the bid is February 13, 2021
Time for PSUs' top management to introspect and ensure that the investors who are investing in public sector companies are also rewarded as those investing in nifty and are not shortchanged, said DIPAM Secretary Tuhin Kanta Pandey
Modi government is effectively tapping share buybacks by cash-rich PSUs for divestment of its stake and after KIOCL, NTPC and HPCL, now NMDC board has announced share buyback worth of more than 13.12 crore at Rs 105 per share
PSU Watch is a business news brand of 27 Frames Communications LLP. It places the spotlight on PSUs, Governance, Bureaucracy, Defence and Public Policy as the sector traverses through a period of radical change.