23.3 C
Indore
Monday, March 8, 2021
Home Business Centre To Offload Stake In Wapcos Through Primary Market Offering

Centre To Offload Stake In Wapcos Through Primary Market Offering


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.

Most Popular

PM Modi Arrives At Massive Kolkata Rally As Mithun Chakraborty Joins BJP

<!-- -->West Bengal Meeting Election: PM Modi will deal with some 20 rallies in Bengal until the polls.Kolkata: Prime Minister Narendra Modi arrived...

Everything You Need to Know About NFTs

NFT or Non-Fungible Tokens are cryptocurrency property that signify a variety of distinctive objects, each bodily and digital like actual property or...

How to Avoid Online Payment Fraud While Using UPI Apps, E-Wallets

Avoiding on-line cost fraud whereas utilizing UPI apps or e-wallets is changing into more and more troublesome with the rising quantity of on-line...

Ola wants to be the Tesla of affordable EVs

Bengaluru: Ola is searching for to remodel itself from being a mobility companies supplier to a participant within the burgeoning low-cost electrical car...

Recent Comments