In a big boost to Narendra Modi government's divestment drive, the 10 percent stake sale in Coal India today got over subscribed by 1.1 times and fetched about Rs 22,600 crore, while the retail portion was under-subscribed.
Speaking exclusively to CNBC-TV18's Sapna Das, divestment secretary Aradhana Johri said the Coal India offer-for-sale (OFS) is the biggest public issue of all time. She suggested the government will soon decide on retaining green-shoe option.
This is also the biggest ever share sale by any private or public sector company in India and exceeds the previous record of over Rs 15,000 crore made by Coal India itself in 2010.
According to Johri, the government is likely to garner close to Rs 25,400 crore from the Coal India OFS. The divestment witnessed huge participation by foreign investors, who are expected to have pumped in around Rs 5,400 crore.
The finance ministry has indicated there will be plenty of divestment activity before the end of this fiscal, Johri concluded.
Below is verbatim transcript of the interview:
Q: What is your first take on the fact that this issue has now almost garnered more revenue than what government has been able to earn on any of the issues in any of the financial years in the past. Around Rs 24,000 crore is what we understand you have garnered?
A: Yes, this is certainly the biggest issue of all times. It is not only the largest single issue but is also equal to the highest collections for the whole year of the highest of any year in the past.
It is a matter of great satisfaction, it speaks of the investment climate in the country and the fact that people are looking at the economy of India, people are looking at India as an investment destination.
I am very happy that we have got a lot of foreign institutional investor (FII) participation, the figures are still being crunched out by the stock exchanges but it is approximately Rs 5,400 crore which is again the highest FII participation of any issue at all and in an OFS which is a single day it speaks a lot of the investment climate in India.
Anda sedang membaca artikel tentang
CIL OFS largest, may fetch Rs 25,400 cr: Divestment Secy
Dengan url
http://harmonisem.blogspot.com/2015/01/cil-ofs-largest-may-fetch-rs-25400-cr.html?m=0
Anda boleh menyebar luaskannya atau mengcopy paste-nya
CIL OFS largest, may fetch Rs 25,400 cr: Divestment Secy
namun jangan lupa untuk meletakkan link
CIL OFS largest, may fetch Rs 25,400 cr: Divestment Secy
sebagai sumbernya
0 komentar:
Posting Komentar