TaxTMI 
TaxTMI 
Cabinet approves reduction of Government of India equity shareholding in select CPSEs below 51% by retaining management control
X X X X Extracts X X X X
X X X X Extracts X X X X
....abinet approves reduction of Government of India equity shareholding in select CPSEs below 51% by retaining management control <br>News and Press Release<br>Dated:- 21-11-2019<br><BR>The Cabinet Commi....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ttee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi has accorded 'in-principle' approval for enabling reduction of Government of India paid-up share capital below 51% in sel....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ect CPSEs while retaining the management control on case to case basis, taking into account the Government shareholding, and the shareholding of Government-controlled institution. Benefits: This is....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... intended to widen the bandwidth of disinvestment window in select CPSEs. This will also help in pursuing the objectives of disinvestment i.e. spreading the wealth of the nation among a greater number....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... of people, promoting efficient management of Government investment in CPSEs and ensuring greater transparency and increasing contribution of the CPSEs towards higher economic growth of the nation. I....
X X X X Extracts X X X X
X X X X Extracts X X X X
....t would also increase the free float available in the market which may have positive impact on Foreign Portfolio Investments in Indian capital markets and in creation of wider investment space for ret....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ail and institutional investors and may increase in the market premium of CPSEs due to likely positive investors perception.<BR> News - Press release - PIB....