The preliminary public providing of WAPCOS is more likely to be launched by March finish, an official stated. The division of Funding and Public Asset Administration (DIPAM) had on February floated tenders for partaking a registrar and an promoting company for promoting as much as 25 per cent stake in WAPCOS via an IPO.
WAPCOS Restricted is a MINI RATNA-I Public Sector Enterprise below the aegis of Union Ministry of Jal Shakti.It’s a know-how pushed consultancy and EPC organisation with sturdy international presence within the area of Water, Energy and Infrastructure sectors.
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The corporate additionally gives its providers overseas, together with Afghanistan.
“There was some delay within the preliminary public providing because of the pandemic. The corporate is within the strategy of accumulating knowledge of its abroad operations, and we anticipate the valuation to be accomplished in couple of months,” the official informed PTI.
The federal government can also be within the strategy of promoting as much as 25 per cent stake in Nationwide Seeds Company (NSC) via IPO, and has invited bids from advisors to help it within the course of.
The federal government has set an formidable goal of elevating Rs 1.75 lakh crore from divestment in 2021-22.
Thus far, the federal government has raised over Rs 8,300 crore via stake sale in Axis Financial institution Ltd, NMDC Ltd and HUDCO. PTI
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