Government approves mechanism for sale of enemy shares worth Rs 3,000 crore

A total number of 6,50,75,877 shares in 996 companies of 20,323 shareholders are under the custody of Custodian of Enemy Property of India (CEPI).

US Vice President Mike Pence to meet PM Modi next week: White House

Generally, the summit is attended by US President. However, this time Pence would be representing the country at the request of President Donald Trump.

The cabinet committee on economic affairs on Thursday also approved strategic sale of Dredging Corporation of India.

The mechanism will be supported by a high-level committee of officers co-chaired by the secretary in the Department of Investment and Public Asset Management, Home Affairs secretary (with representatives from DEA, DLA, Corporate Affairs and CEPI) that would give its recommendations with regard to quantum, price/price-band, principles/ mechanisms for sale of shares. - Government Approves Mechanism For Sale of Enemy Shares Rs 3,000 Crore

Cabinet decision: Procedure to sell enemy shares worth Rs 3,000 crore gets cabinet nod

The ‘in principle’ approval is according to the Enemy Property Act, 1968. The proceeds from the sale of these shares will be deposited as disinvestment proceeds in the Government Account maintained by Ministry of Finance.

Centre to sell enemy shares to earn Rs 3,000 crore

Of these companies, 588 are functional/active companies and 139 are listed with remaining being unlisted.

India News: The government on Thursday decided to begin sale of shares that are part of "enemy property" belonging to individuals and entities who left India at t

Cabinet approves laying down procedure, mechanism for sale of enemy shares

Uniindia: New Delhi, Nov 8 (UNI) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Thursday<br /

Cabinet approves mechanism to sale enemy shares

To shore up divestment proceeds, Cabinet clears sale of ‘enemy shares’ To shore up divestment proceeds, Cabinet clears sale of ‘enemy shares’

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