Time-bound mechanism for listing of CPSEs

After 165 days of their agreement for an IPO of equity, the issue will hit the markets

To achieve the ambitious disinvestment target of Rs 70,000 crore for 2017-18, the government will prepare a list of central public sector enterprises (CPSEs) which would be listed on stock exchanges within a month of finalising their audited accounts for 2016-17. 

The list of eligible candidates will be prepared by the nodal ministry or department, with the department of investment and public asset management (DIPAM). After 165 days of their agreement for an initial public offer (IPO) of equity, the issue will hit the markets, according to indicative time-lines given by DIPAM on Friday. 

The Budget for 2017-18 said a mechanism and