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Cabinet allows M/s. ITI Limited to transfer shares to Special National Investment Fund to meet SEBI’s minimum public shareholding requirement

News and Press Release - Dated:- 13-7-2016 - The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved the following proposal of Department of Telecommunication regarding transfer of shares by M/s ITI L .....

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NIF as and when Capital grant is released in the form of equity infusion to M/s ITI Limited as part of revival plan approved by Cabinet in Feb, 2014 to meet for SEBI's minimum 10% Public Shareholding requirement; b) M/s ITI Limited will be allowe .....

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osses to the tune of ₹ 5,166 crore as on 31.03.2015. The financial position of M/s. ITI is not very sound. CCEA in its meeting held in February, 2014 approved the proposal to provide financial assistance of ₹ 4156.79 crore for revival of .....

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