https://www.taxtmi.com/news?id=22157 Approvals were given for strategic disinvestment of specified CPSEs permitting transfer of government shareholding and management control to strategic buyers under established procedures: BPCL (53.29% sale; NRL stake 61.65% to an oil and gas CPSE), Shipping Corporation (63.75%), CONCOR (30.8% of government holding), THDCIL (74.23% to NTPC) and NEEPCO (100% to NTPC). Proceeds will form part of the budget and disinvestments aim to unlock resources, attract management and technology, and follow the policy of government exit where markets are competitive. en-us Thu, 21 Nov 2019 09:43:45 +0530 Thu, 21 Nov 2019 09:43:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22157 Approvals were given for strategic disinvestment of specified CPSEs permitting transfer of government shareholding and management control to strategic buyers under established procedures: BPCL (53.29% sale; NRL stake 61.65% to an oil and gas CPSE), Shipping Corporation (63.75%), CONCOR (30.8% of government holding), THDCIL (74.23% to NTPC) and NEEPCO (100% to NTPC). Proceeds will form part of the budget and disinvestments aim to unlock resources, attract management and technology, and follow the policy of government exit where markets are competitive. News - Thu, 21 Nov 2019 09:43:45 +0530 https://www.taxtmi.com/news?id=22157