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Shares of disinvestment candidates such as Oil and Natural Gas Corporation (ONGC), Coal India and NHPC are trading lower by up to 4% after the Union Cabinet on Wednesday cleared a dilution of the government's stake in these companies.
Among the individual stocks NHPC has dipped nearly 4% to Rs 21.60 on BSE, followed by Coal India (down 2.1% at Rs 366) and ONGC (down 1% at Rs 442).
The Cabinet Committee on Economic Affairs approved selling 10% of the government's stake in Coal India, 5% in ONGC and 11.38% in NHPC.
To boost retail investors' participation in its disinvestments, the government is planning to offer them discounts, besides a quota of up to 20% for small investors (those bidding for up to Rs 2 lakh), the Business Standard report suggests.
Among the individual stocks NHPC has dipped nearly 4% to Rs 21.60 on BSE, followed by Coal India (down 2.1% at Rs 366) and ONGC (down 1% at Rs 442).
The Cabinet Committee on Economic Affairs approved selling 10% of the government's stake in Coal India, 5% in ONGC and 11.38% in NHPC.
To boost retail investors' participation in its disinvestments, the government is planning to offer them discounts, besides a quota of up to 20% for small investors (those bidding for up to Rs 2 lakh), the Business Standard report suggests.
