Dept of Dis­in­vest­ment Re­named DIPAM

The Economic Times - - Economy -

The govern­ment has is­sued a no­ti­fi­ca­tion on re­nam­ing De­part­ment of Dis­in­vest­ment as De­part­ment of In­vest­ment and Pub­lic As­set Man­age­ment or DIPAM. The new de­part­ment has been man­dated to "ad­vise the govern­ment in mat­ters of fi­nan­cial re­struc­tur­ing of cen­tral PSEs and for at­tract­ing in­vest­ment through cap­i­tal mar­kets,” stated a no­ti­fi­ca­tion by the Cabi­net Sec­re­tariat. DIPAM will also deal with "mat­ters re­lat­ing to sale of cen­tral govern­ment equity through of­fer for sale or pri­vate place­ment or any other mode in erst­while cen­tral PSUs,” it stated.


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