DoD News

The Department of Disinvestment wants that PSU stake sale target for the current fiscal be more than halved to Rs 30,000 crore in view of volatility in the stock markets.

Taking a leaf out of private firms, the Department of Disinvestment (DoD) wants listed PSUs to be more proactive in investor contact and keep them updated on company plans so as to facilitate a share sale on short notice to capture market highs.

In a bid to broad base retail participation in stock markets the Department of Disinvestment (DoD) has suggested tax incentives for small investors to invest in the equity market.

PRP is a variable component of the remuneration paid to the executives of CPSEs.

The Employees Provident Fund Organisation (EPFO) had earlier committed to the Finance Ministry that it will start investing from August 1 in the CPSE ETF, a top official said.

The Employees Provident Fund Organisation (EPFO) had earlier committed to the Finance Ministry that it will start investing from August 1 in the CPSE ETF, a top official said.

Currently, once a disinvestment proposal is firmed up, the decision has to be intimated to the stock exchange two days before the sale.

The disinvestment department is working out modalities for strategic sale of PSUs which will see management control passing on to the private sector, a top government official said today.

Domestic roadshows for the issue, in which government's around 20.65 crore shares would be divested through Offer For Sale, or auction route, will be held in Mumbai and Chennai.

The OFS is the most preferred route for stake sale and has evoked good response from investors and hence the government has decided to stick to it, sources said.