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Oil India, NHPC initial public offer soon, says Finance Secretary
Date: 07-07-2009State-owned Oil India Ltd and National Hydroelectric Power Corporation (NHPC) will tap the capital market with their initial public offering (IPOs) in August/September this fiscal, says Finance Secretary, Mr Ashok Chawla, at a post-Budget press conference.
Four more companies based on overall framework and design will be identified (for disinvestment) by the Department of Disinvestment in consultation with ministries. Mr Chawla also noted that disinvestment would proceed in a phased manner. The Centre expects to realise at least Rs 1,854 crore from the planned ‘offer for sale’ in Oil