Government targets to launch initial public offers of IREDA, WAPCOS by the coming fiscal, confirms divestment secretary – EQ Mag
The proceeds from the stake sales would form part of the Budgeted disinvestment kitty of Rs 51,000 crore for the next fiscal.
The government is targeting to launch the initial public offering (IPO) of clean energy lender IREDA and state-owned engineering consultancy firm WAPCOS in the next fiscal, DIPAM Secretary Tuhin Kanta Pandey said.
The proceeds from the stake sales would form part of the Budgeted disinvestment kitty of Rs 51,000 crore for the next fiscal.
“IREDA is lined up for Initial public offering (IPO) next fiscal. DRHP for WAPCOS has already been filed,” Pandey told PTI.
The Department of Investment and Public Asset Management (DIPAM) manages government equity holding in public sector companies.
“IREDA is lined up for Initial public offering (IPO) next fiscal. DRHP for WAPCOS has already been filed,” Pandey told PTI.
The Department of Investment and Public Asset Management (DIPAM) manages government equity holding in public sector companies.
Source: PTI
