The roadshows for the Centre's proposed stake sale in state-owned Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) will begin on January 12, official sources said.
This process will go on till January 16, it is learnt.
The Centre is looking to shed 5 per cent stake each in both the companies and aiming to complete the transaction in the third week of January.
Roadshows are likely to be held in various developed markets, including the US, Europe, Japan and Singapore.
The Centre has 72.8 per cent stake in PFC and 65.64 per cent stake in REC.
India is looking to mobilise Rs 58,425 crore through disinvestment in the current fiscal.
Besides the proposed stake sale in PFC and REC, the Centre is betting on stake sale in Coal India and second round of CPSE exchange traded fund to help achieve this year's disinvestment target.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.