Mazagon Dock, IRFC OFS coming? Govt plans stake sale in these PSUs
Mazagon Dock, IRFC OFS coming? Govt plans stake sale in these PSUs
The central government is planning to offload stakes in select state-run companies like Indian Railway Finance Corp. (IRFC), National Fertilizers Ltd (NFL), Rashtriya Chemicals and Fertilizers Ltd (RCF), and Mazagon Dock Shipbuilders Ltd.
The stake sale in the rail, fertiliser, and defence sectors will be done through an offer for sale (OFS) in the current financial year, according to a MoneyControl report.
"The government is likely to continue focusing on OFS as strategic sales are at various stages. Some OFS will happen this year. IIRFC OFS will happen. The government will also sell stakes in NFL and RCF via OFS this year. Discussions for OFS in Mazagon Dock have been ongoing with the defence ministry since last year. The ministry has some reservations against OFS in MDL, which are being resolved," an official was quoted as saying by MoneyControl.