New Delhi, Nov 5 The government today decided that
all listed central public sector enterprises (CPSEs) would
increase the public holding to 10 per cent and all unlisted
profitable state-owned entities should go public.
"All profitable listed CPSEs should need the mandatory
listing of 10 per cent public ownership," Home Minister P
Chidambaram told reporters after the meeting of Cabinet
Committee of Economic Affairs here.
The government has also decided that all unlisted CPSEs
which have made profit in the past 3 years and have a positive
networth should get listed on stock exchanges, he said, adding
that CPSEs would enter the market at "appropriate" time.
The decision will have a bearing on mineral major NMDC
and MMTC as the public shareholding in these companies is 1.62
per cent and 0.67 per cent respectively. - (Agencies)
Nov 05, 2009
* Do not use semicolon(;)