Govt to divest 20% stake in power firms via IPOs

The government is considering a 20% stake sale in PSU power firms through initial public offerings(IPO).

"We will take the cabinet's approval for 20% stake sale through public offer in Power Finance (PFC), National Hydro Power (NHPC), Rural Electrification (REC) and Power Grid (PGC)," RV Shahi, power secretary said today.