Cabinet approves listing of 11 CPSE - Indian IPO Blog

Wednesday, April 12, 2017

Cabinet approves listing of 11 CPSE

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved listing of 11 Central Public Sector Enterprises (CPSEs), including Indian Railway Catering and Tourism Corporation, on stock exchanges.

The other CPSEs that will be listed are the Rail Vikas Nigam Ltd, IRCON International Ltd, Indian Railway Finance Corporation (IRFC) Ltd, RITES (earlier known as Rail India Technical and Economic Service), Bharat Dynamics Ltd (BDL), Garden Reach Shipbuilders & Engineers (GRSE), Mazagon Dock Shipbuilders Ltd (MDSL), North Eastern Electric Power Corporation (NEEPCO), Mishra Dhatu Nigam Ltd. (MIDHANI) and MSTC Ltd.

"Listing of CPSEs will be through public offer of shares up to 25 per cent of government's shareholding, which may include offer of fresh shares for raising of resources from market,", said a Finance Ministry statement.

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