The Cabinet Committee on Economic Affairs approves Disinvestment of NHPC, Coal India and ONGC out of Government of India shareholding

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved the disinvestment of 11.36 percent paid up equity capital of NHPC out of the Government of India's shareholding of 85.96 percent. Increase in public shareholding would provide greater opportunity for the investing public to participate.

The Cabinet has also approved the disinvestment of 10 percent paid-up equity capital in Coal India (CIL) out of the Government of India's shareholding of 89.65 percent. The decision to disinvest would help the Government to realize an optimum price for the offer for sale of 10 percent of the Government's shareholding in the company.

The disinvestment of 5 percent paid-up capital in Oil & Natural Gas Corporation (ONGC) out of the Government of India's shareholding of 68.94 percent has also been approved. This would further broad base the shareholding of the Company and would enhance disinvestment receipts.

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