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Feb 18, 2017
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Disinvestment revenue on mind, Narendra Modi govt lays out deadline for PSU listing
Having planned a 60% jump in disinvestment revenue in 2017-18, the government has now set itself stiff time-bound targets for listing of central PSUs. According to the procedures outlined by the department of investment and public asset management (DIPAM) on Friday, a profitable PSU would have to list on the stock exchanges within 165 days, after the administrative ministry is on-board for the plan.As per available data, there are 112 unlisted profitable PSUs. The last PSU IPO was that of NBCC in March 2012; next in line is Hudco, which will likely hit the market in March.
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http://www.financialexpress.com
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