31.1 C
Indore
Thursday, March 28, 2024
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

Tony Awards 2024: Ariana DeBose to host for third year in a row

NEW YORK - It is a new location however the identical host for the Tony Awards: Ariana DeBose will make it three in...

UN Body Says Employment Scenario In India Grim, Youth Minister Responds

<!-- -->New Delhi: The federal government in the present day disputed the info put out by the Worldwide Labour Organisation which mentioned that...

Recent Comments