The central government has received about Rs 1203 crore in dividends in five tranches from five public sector companies. It included Rs 604 crore, Rs 450 crore, Rs 37, Rs 81 crore, and Rs 31 crore from SAIL, HUDCO, IREL, IRCTC, and Bhartiya Rail Bijlee Co Ltd respectively as dividend tranches.
He added the time and needs of the country when the public sector enterprises were started were different from today.
The total size of the offer is Rs 819.24 cr at the upper price band of Rs. 94 per share.
The Cabinet had in November last year gave in-principle approval for strategic divestment of Shipping Corp and Container Corp of India Ltd.
The government has appointed RBSA Capital Advisors LLP as its transaction advisor to manage the disinvestment process.
The government had first invited bids by May 2. This was then extended till June 13, and then to July 31.
WAPCOS and Telecommunications Consultants India (TCIL) are part of a plan of the Centre for listing where IRCTC, RITES have already been listed.
'It may be noted that the disinvestment of one of the subsidiaries of AI, AIATSL got underway with its EOI/PIM published on 12.2.2019.'
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