The Cabinet Committee on Economic Affairs has given its approval for listing of 11 Central Public Sector Enterprises (CPSEs) on stock exchanges. They include Rail Vikas Nigam Limited, Indian Railway Finance Corporation Limited, Indian Railway Catering and Tourism Corporation (IRCTC) Limited, Bharat Dynamics Limited and IRCON International Limited.
The listing of CPSEs will be done through public offer of shares upto 25 per cent of Government shareholding, which may include offer of fresh shares for raising of resources from market. However, actual disinvestment in respect of each CPSE alongwith the mode of raising resources has been delegated for decision on a case to case basis to the Alternative Mechanism, headed by the Finance Minister.
The CCEA has also approved reservation of shares for the eligible employees of 11 CPSEs. Listing of CPSEs will promote people’s ownership by encouraging public participation in Central Public Sector Enterprises.