The government’s strategic sale plan could face headwinds with some administrative ministries insisting on stringent conditions on foreign investment for the sale of state-run companies under their watch.
In some cases, the administrative ministries insist that strategic equity stakes must not be sold to foreign investors, including institutional investors, said two government officials aware of the deliberations.
In others, they want a cooling-off period of a few years after a strategic sale before allowing foreign investment. Companies identified for strategic sales include Pawan Hans Ltd., BEML, Dredging Corporation of India Ltd. and Bharat Pumps & Compressors Ltd. Read More…
Credit By : Energy.Economictimes.Indiatimes.com
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