Listing of Government Companies in the Stock Exchange

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....1.2012 from Shri Sidhartha Pradhan, Additional Secretary, Department of Disinvestment on the subject cited above. The Financial Advisers, who are on the Board of CPSEs, are requested to emphasize the benefits of listing, as mentioned in the above D.O. letter, and get the CPSEs listed in compliance with the disinvestment policy. Further, Financial Advisers are requested to advise the CPSEs that ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....w; bring in greater transparency and answerability. The oversight mechanism therefore becomes robust and multilayered.  (f)  Enhanced corporate governance with the induction of independent directors.  (g)  Higher levels of investor focused scrutiny and research demand adherence to professional conduct of business resulting in improved corporate culture.  (h) ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....stage of economic development.  (g)  When more resources are used for infrastructure development, it creates jobs for large number of unemployed and simultaneously proves for higher economic growth.  (h)  This also releases fiscal space for social sector like education, health and sanitation.  E.  UNLOCKS TRUE VALUE FOR ALL STAKEHOLDERS  (a)  Con....