Friday, January 29, 2010

>India’s Plans to Sell Shares in State-owned Companies

Jan. 28 (Bloomberg) — Following is a table (in report) showing Indian state-run companies in which the government may sell stakes through initial public offerings or secondary share sales.

The government wants profitable listed public-sector companies, where its stake is more than 90 percent, to have at least 10 percent of their shares held by the public. Prime Minister Manmohan Singh’s administration also plans to sell shares in some profitable unlisted companies.

To see the table: DIVESTMENT