Government gets proactive on divestment

Lines up seven OFS issues along with half a dozen IPOs for the next few months

The government seems to be taking a proactive approach towards divestment this financial year. While the Centre has already wrapped up the offer-for-sale (OFS) of National Aluminium Company (Nalco) last week, in the next few months it is lining up stake sales in seven public sector undertakings (PSUs). These include Indian Oil Corporation (IOC), NTPC, Steel Authority of India (SAIL), NTPC, NHPC, Rural Electrification Corporation (REC) and Neyveli Lignite Corporation (NLC).  

The move is seen as an attempt to plan out the divestment issues evenly during a year and avoid clogging of issues in the last few months. 

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