Special funds may help Centre meet PSUs' holding cap

Sebi, govt in talks to resolve issues before August deadline

The government and the Securities and Exchange Board of India (Sebi) are looking at ways to work around the challenges the Centre faces in meeting the August 2017 deadline to cap its stake in public sector companies.
 
While senior government sources said the finance ministry’s Department of Investment and Public Asset Management (Dipam) has not asked Sebi to extend the deadline, various methods are being explored to ensure that stakes in about 20 public sector undertakings (PSUs), in which the Centre holds more than 75 per cent, are cut.
 
These could include reviving special national investment funds (SNIFs),