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CCEA approved stake sale in CIL, ONGC and NHPC

Sep 11, 2014 17:17 IST

The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi on 10 September 2014 approved the disinvestment of the stake of Coal Indian Limited (CIL), Oil and Natural Gas Company (ONGC) and National Hydro Power Corporation (NHPC). The stakes of the three organisations will be sold to garner a combined 43 thousand crore rupees.

The CCEA has cleared disinvestment of 10 percent stake of CIL, 5 percent in ONGC and 11.36 percent in NHPC.


The approved disinvestment will be made from remaining percentage of government shares in the organisation that are
• Disinvestment of 10 percent paid-up equity capital in Coal India Ltd. (CIL) out of the Government of India’s shareholding of 89.65 percent. At present market prices, the 10 percent stakes would garner 23000 crore rupees.
• The disinvestment of 5 percent paid-up capital in Oil & Natural Gas Corporation Ltd. (ONGC) out of the Government of India’s shareholding of 68.94 percent. At present market prices, the 10 percent stakes would garner 18000 crore rupees.
• The disinvestment of 11.36 percent paid up equity capital of NHPC Ltd. out of the Government of India’s shareholding of 85.96 percent. At present market prices, the 10 percent stakes would garner 2800 crore rupees.

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