A decision on the disinvestment strategy for two leading state run companies - ONGC and BHEL was deferred after a meeting of the empowered group of ministers.
It was expected that in wake of the new guidelines issued by the market regulator SEBI, the government will once again kick start the divestment process in these two companies, which may fetch it around Rs 14,000 crore.
"We have discussed today the implications of the new SEBI guidelines. We are yet to take a decision in regard to mode and timing to be adopted (for divestment in ONGC)," said Oil Minister Jaipal Reddy.
more at:
http://economictimes.indiatimes.com/news/news-by-industry/energy/oil-gas/decision-on-disinvestment-strategy-ongc-bhel-deferred/articleshow/11729326.cms
Thursday, February 2, 2012
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