Cabinet approveslisting of Export Credit Guarantee Corporation Ltd.through the Initial Public Offer on the stock Exchange

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....abinet approveslisting of Export Credit Guarantee Corporation Ltd.through the Initial Public Offer on the stock Exchange <br>News and Press Release<br>Dated:- 29-9-2021<br><BR>The Cabinet Committee on....

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.... Economic Affairs chaired by the Hon&#39;ble Prime Minister, Shri Narendra Modi has given approval for listing of M/s. Export Credit Guarantee CorporationLtd. (ECGC), an unlisted CPSE through the Init....

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....ial Public Offer (IPO) on the Stock Exchange under the SEBI&#39;s (Issue of Capital and Disclosure Requirements) Regulations, 2018. ECGC Limited is a wholly-owned CPSE of Government of India set up w....

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....ith the objective of improving the competitiveness of the exports by providing Credit Risk Insurance and related services for exports. The Company intends to increase its maximum liabilities (ML) to &....

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....#8377; 2.03 lakh crore from &#8377; 1.00 lakh crore by 2025-26. The proposed listing of ECGC Limited would unlock the true value of the company, promote &#39;people&#39;s ownership&#39; by encouragin....

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....g public participation in the equity holding of the company and also promote Corporate Governance through transparency and greater accountability. Listing may enable ECGC to mobilize fresh capital fr....

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....om the market either through the same IPO or subsequently through a Follow-on Public Offer (FPO) and thereby help in increasing the Maximum Liability cover for it. The disinvestment proceeds will be ....

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....used for financing of social sector schemes.<BR> News - Press release - PIB....