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Independent External Monitor for Disinvestment

News and Press Release - Dated:- 1-4-2017 - The extant disinvestment policy, inter alia, envisages: (i) Disinvestment through minority stake sale in listed CPSEs to achieve minimum public shareholding norms of 25 per cent. While pursuing disinvestment of CPSEs, the Government will retain majority shareholding, i.e. at least 51% and management control of the Public Sector Undertakings. (ii) Listing of CPSEs to facilitate improved people''s ownership and efficiency of company through accou .....

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ankar, Ex-Central Vigilance Commissioner (CVC) The IEM will act as an Oversight Committee for strategic disinvestment with the following mandate: (i) To vet the process of valuation of the CPSE/Units; (ii) To oversee the transaction process of strategic disinvestment of CPSE/Unit; (iii) To examine and address the grievance received; and (iv) Any other matter that is referred to IEM by the Government. As a part of the strategy to keep shares readily available for transaction to take advantage of .....

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