Fi­nance Min­istry Starts List­ing Process of 3 Rail PSUs

The Economic Times - - Economy: Macro, Micro & More -

Within three weeks of Bud­get an­nounce­ment, the fi­nance min­istry on Mon­day started the process of list­ing three rail PSUs -- IRCTC, IRFC and IRCON. The gov­ern­ment is con­sid­er­ing di­vest­ing a por­tion of the paid-up eq­uity share cap­i­tal through an IPO and has sought Ex­pres­sion of In­ter­est (EoI) from mer­chant bankers by March 16. The De­part­ment of In­vest­ment and Pub­lic As­set Man­age­ment is scout­ing for mer­chant bankers to man­age the IPO of the three PSUs, which is un­der the ad­min­is­tra­tive con­trol of the rail­way min­istry.

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