CCEA approves listing of 11 CPSEs on stock exchanges

Listing of these CPSEs will foster public accountability and will unlock the true value of these companies.

Created On: Apr 13, 2017 18:21 ISTModified On: Apr 13, 2017 15:25 IST

The Cabinet Committee on Economic Affairs (CCEA) on 12 April 2017 approved the listing of 11 Central Public Sector Enterprises (CPSEs) on stock exchanges.

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These eleven CPSEs are:

 Sl. No.



Rail Vikas Nigam Limited (RVNL)


IRCON International Limited


Indian Railway Finance Corporation (IRFC) Ltd.


Indian Railway Catering and Tourism Corporation (IRCTC) Ltd.




Bharat Dynamics Limited (BDL)


Garden Reach Shipbuilders & Engineers (GRSE) Ltd.


Mazagon Dock Shipbuilders Limited (MDSL)


North Eastern Electric Power Corporation (NEEPCO) Ltd.




Mishra Dhatu Nigam Ltd. (MIDHANI)

Highlights of the listing of 11 CPSEs
• These 11 CPSEs will be listed through public offer of shares up to 25 per cent of Union Government's shareholding, which may include offer of fresh shares for raising of resources from market.
• The actual disinvestment in respect of each CPSE along with the mode of raising resources will be delegated for decision on a case to case basis to the Alternative Mechanism which will be headed by the Union Finance Minister.
• With a view to ensure wider participation by small investors in the CPSEs’ disinvestment program, a price discount of up to 5 per cent on the issue price will be provided for the retail investors and eligible employees of 11 CPSEs .
• The CCEA has also approved reservation of shares for the eligible employees of 11 CPSEs in accordance with the extant provisions of SEBI Regulations.


Listing of these CPSEs will foster public accountability and will unlock the true value of these companies. It will help in achieving higher growth through their expansion and diversification. This will also be reflected in the performance at the sectoral level and overall economic growth.

 It will promote people’s ownership by encouraging public participation in CPSEs. It will also trigger multilayered oversight mechanism which will enhance shareholders’ value and will promote corporate governance norms in such companies

Moreover, through public offer, management of these CPSEs will become more accountable to its shareholders.

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एग्जाम की तैयारी के लिए ऐप पर वीकली टेस्ट लें और दूसरों के साथ प्रतिस्पर्धा करें। डाउनलोड करें करेंट अफेयर्स ऐप

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