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Home  » Business » CCD to meet on July 10: Shourie

CCD to meet on July 10: Shourie

Source: PTI
July 08, 2003 14:39 IST
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The Cabinet Committee on Divestment will meet on July 10, Divestment Minister Arun Shourie said on Tuesday.

The CCD is likely to take up, among other issues, the highly successful public offer of car market leader Maruti Udyog Ltd.

The meeting will take place on July 10, Shourie said on the sidelines of a National Informatics Centre function.

Earlier, official sources said the minister will brief the committee on the public offer of MUL shares, which closed last month recording a massive oversubscription by 13 times.

The meeting is also expected to firm up transaction documents for sale of government equity in National Fertilisers prior to inviting financial bids.

Transaction documents for Hindustan Organic Chemicals and Shipping Corporation, where government proposes to offload controlling stake, are also likely to figure in the meeting, the sources said.

The issue of sale of residual stake in PSUs, which have been divested is unlikely to figure at the meeting, sources had indicated stating that the proposal had to be vetted at various levels before being taken up at cabinet level.

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