Monsoon of unlisted PSU IPOs to hit India soon; 25 companies to sell shares for the first time

The government has drawn up a list of 25 state-owned companies that could sell shares to the public for the first time, possibly raising more than a third of India’s record divestment target for the fiscal year.

They include profit-making arms of Coal India and ONGC that could help the government get around Rs 25,000 crore in total. Such a move could fire up the primary market besides giving government finances a big boost. The department of disinvestment has written to the administrati ..

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