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Govt to sell stake in four defence companies via IPO

04 August, 2017

The government of India is considering selling up to 25% of its stake in four state-owned companies under the control of the department of defence through an initial public offering, a public notice showed on Friday.

The government has invited proposals for the IPO by 3 p.m. on Aug. 18. The government is looking to sell stakes in Mazagon Dock Ltd, Bharat Dynamics Ltd, Garden Reach Shipbuilders & Engineers Ltd and Mishra Dhatu Nigam Ltd.

Prime Minister Narendra Modi’s government has been divesting its stake in several public and private companies to meet its Rs 72,500 crore ($11.38 billion) divestment target during the year to March 2018

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3 Comments
AJIT JOGLEKAR . 4 months ago

TITLE AND THE NEWS CONTENT MISMATCH

Archna Shukla . 4 months ago

Thanks for flagging this. It’s been corrected.

Archna Shukla . 4 months ago

Thanks for flagging this. It’s been corrected.

Govt to sell stake in four defence companies via IPO

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