six PSUs lined up to raise funds through an IPO Likely After Elections
The six PSUs lined up to raise funds through an initial public offering are Cochin Shipyard, Export Credit Guarantee Corporation of India, Electronics Corporation of India, Pawan Hans Helicopters, Telecommunications Consultants India Ltd. and National Hydroelectric Power Corporation (whose IPO was originally slated for October 2008).
NHPC has already approached SEBI to extend the validity, while for others, preparatory work
Congress is in favor of divesting a minority stake in profitable PSUs to finance the burgeoning fiscal deficit, the BJP’s aggressive approach to disinvestment is well known. In stark contrast, Third Front convener Communist Party of India (Marxist) in its election manifesto unveiled it would halt the disinvestment and privatization of profit-making and potentially viable PSUs.
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