https://www.taxtmi.com/news?id=11352 The Department of Disinvestment requested the Government of Tamil Nadu to nominate a senior official to discuss with SEBI a proposal to transfer a government equity stake in Neyveli Lignite Corporation to State Undertakings. SEBI indicated the transaction could fall under the Institutional Placement Programme framework, subject to detailed discussions with Tamil Nadu, the Ministry of Coal and the Department of Disinvestment. Under IPP offer documents the seller may set allocation criteria to prefer particular classes of Qualified Institutional Buyers, allowing State Undertakings to receive preferential allocation if specified. en-us Mon, 08 Jul 2013 10:16:52 +0530 Mon, 08 Jul 2013 10:16:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=11352 The Department of Disinvestment requested the Government of Tamil Nadu to nominate a senior official to discuss with SEBI a proposal to transfer a government equity stake in Neyveli Lignite Corporation to State Undertakings. SEBI indicated the transaction could fall under the Institutional Placement Programme framework, subject to detailed discussions with Tamil Nadu, the Ministry of Coal and the Department of Disinvestment. Under IPP offer documents the seller may set allocation criteria to prefer particular classes of Qualified Institutional Buyers, allowing State Undertakings to receive preferential allocation if specified. News - Mon, 08 Jul 2013 10:16:52 +0530 https://www.taxtmi.com/news?id=11352