Cabinet approves listing of certain unlisted CPSEs on Stock Exchange

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..... Cabinet approves listing of certain unlisted CPSEs on Stock Exchange - News and Press Release Dated:- 28-12-2018 - News - The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval to list the following seven Central Public Sector Enterprises(CPSE) on the Stock Exchange through Initial Public Offering (IPO) /Further Public Offer (FPO): .....

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..... Telecommunication Consultants (India) Ltd.[TCIL]- IPO Rail Tel Corporation India Ltd. - IPO National Seed Corporation India Ltd. (NSC) - IPO Tehri Hydro Development Corporation Limited (THDC) - IPO Water Power Consultancy Services (India) Limited [WAPCOS Ltd.] - IPO FCI Aravali Gypsum and Minerals (India) Limited [FAGMIL]- IPO Kudremukh Iron Ore Company Limited (KIOCL) FPO .....

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..... The listing of CPSEs on the exchange shall unlock their value and encourage investor participation in the CPSEs. Further, Alternative Mechanism comprising of the Finance Minister, Minister of Road Transport Shipping and the Minster of concerned administrative ministry has been empowered to decide on extent, mode of disinvestment, pricing, time etc. of listed CPSEs (including CPSEs to be li .....

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..... sted in future). The scope of eligibility criteria for listing of CPSEs has been expanded. CPSEs with positive net worth and net profit in any of the immediately three preceding financial years shall be eligible for listing on the Stock Exchange. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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