Listed CPSEs to offload 10 per cent: Chidambaram

    
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

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