The OFS for divestment of 5% GOI equity in India Tourism Development Corporation (ITDC) and 1.02% equity in State Trading Corporation was done today on both the Stock Exchanges i.e. BSE and NSE. The OFS was subscribed and the Government will receive Rs. 34.45 crore as divestment receipts. Both the Companies have met the public shareholding norms for CPSEs and have thus been made SCRR compliant.

Public shareholding compliance achieved: divestment OFS subscribed and government to receive divestment proceeds in two listed companies An OFS divestment of central government equity in two listed entities was subscribed, producing divestment receipts for the Government; both companies have met the mandatory public shareholding thresholds for central public sector enterprises and have been confirmed SCRR compliant, evidencing conformity with shareholding and listing norms.