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Blog Entry# 4710337
Posted: Sep 09 2020 (10:29)

11 Responses
Last Response: Sep 10 2020 (08:57)
Rail News
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IR Affairs
Sep 09 2020 (10:28)   Govt to sell 15-20% stake in IRCTC via offer for sale

sachinature~   1669 news posts
Entry# 4710337   News Entry# 417902         Tags   Past Edits
The government plans to sell about 15-20 per cent stake in IRCTC via offer for sale (OFS) and would like to complete the transaction in minimum...

6 Posts

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Sep 09 2020 (15:31)
Zakrimo~
Zakrimo~   1493 blog posts
Re# 4710337-7              
lol.But 2025 ke baad
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Sep 09 2020 (15:31)
MR_INDIANRAILIN   17498 blog posts
Re# 4710337-8              
But sarkari me to chaprasi bhi paise khata hai
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Sep 09 2020 (16:01)
sachinature~
sachinature~   8588 blog posts
Re# 4710337-9              
bade level ho sakta hain. Lekin kaam ke side se bi dekho. Logon mein dar reheta hain, kaam thik se nahin karenge tho nikal denge. Govt mein aisa nahin, sab granted, chalta hain, chutti mardo, aada karo aada rehenedo.
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Sep 09 2020 (16:19)
SaurabhDubey^~
SaurabhDubey^~   30303 blog posts
Re# 4710337-10               Past Edits
These are all false notions. The main reason for this decision is not lazy/inefficient govt/PSU employees or extra efficient private sector or any such common misgivings but the SEBI's 25% norms.
If its not obeyed by govt, SEBI may penalize the government and cap its listings in the stock market.
The 25 per cent MPS norms were introduced in 2013, whereby no listed company was permitted to have more than 75 per cent promoter stake. The rules were aimed at improving liquidity and better stock price discovery by making higher float available
...
more...
with public. The average promoter holding in India is among the highest globally. Last year, the government had proposed to increase the minimum public float from the current 25 per cent to 35 per cent. But is has been not yet finalized

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Sep 10 2020 (08:57)
Zakrimo~
Zakrimo~   1493 blog posts
Re# 4710337-11              
Exactly
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