The division has floated tenders for partaking a registrar and an promoting company
The federal government is taking a look at offloading 25 per cent stake in WAPCOS, a public sector enterprise working within the water, energy and infrastructure sectors, by means of an preliminary public providing. “The federal government intends to disinvest as much as 25 per cent paid-up fairness share capital of WAPCOS out of its shareholding of 100 per cent, by means of an preliminary public providing within the home market,” the division of funding and public asset administration (DIPAM) mentioned in a notification on Friday.
The division has floated tenders for partaking a registrar and an promoting company for the disinvestment course of. The events must make their submissions by February 24.
WAPCOS is a technology-driven consultancy and EPC organisation working within the water, energy and infrastructure sectors worldwide. It operates underneath the aegis of the Ministry of Jal Shakti Division of Water Sources, River Growth and Ganga.
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