PFC, REC divestment: PowerMin, FinMin officials meet today
28 Aug 2014 3:51 AM IST
To take forward the disinvestment plans of Power Finance Corp (PFC) and Rural Electrification Corp (REC), officials from the Finance and Power Ministry will meet on Wednesday to discuss the road ahead.
Sources said the disinvestment department would meet their counterparts in the Power Ministry on Wednesday. Government holds 72.80 per cent stake in PFC and 65.64 per cent in REC.
The meeting is likely to deliberate on the quantum of stake dilution, following which the Disinvestment Department will float a draft Cabinet note for consultation. Following this, the disinvestment department would also appoint merchant bankers for managing the stake sale.
Sources said the disinvestment department would meet their counterparts in the Power Ministry on Wednesday. Government holds 72.80 per cent stake in PFC and 65.64 per cent in REC.
The meeting is likely to deliberate on the quantum of stake dilution, following which the Disinvestment Department will float a draft Cabinet note for consultation. Following this, the disinvestment department would also appoint merchant bankers for managing the stake sale.
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