Govt received Rs.604 cr, Rs.450 cr, and Rs.37 cr from 5 CPSEs as dividend tranches
The government has received about Rs.604 crore, Rs.450 crore, and Rs.37 crore from SAIL, HUDCO, and IREL, respectively as dividend tranches, Secretary, Department of Investment and Public Asset Management (DIPAM), Tuhin Kanta Pandey said.
In addition to this, the government has also received Rs.81 crore and Rs.31 crore from IRCTC and Bhartiya Rail Bijlee Company Ltd respectively as dividend tranches, he said.
DIPAM deals with all matters relating to the management of Central government investments in equity including disinvestment of equity in Central Public Sector Undertakings.
The four major areas of its work are related to strategic disinvestment, minority stake sales, asset monetization, and capital restructuring.
It also deals with all matters relating to the sale of Central government equity through an offer for sale or private placement or any other mode in the erstwhile Central Public Sector Undertakings.
[With Inputs from IANS]
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