Divestment Panel To Be Involved In First Tranche

The decision will be conveyed to the Commission soon by the core group of secretaries mandated by the Cabinet to oversee the first two tranches for the current year, sources said.

Since the cabinet note on the first two tranches has already been finalised by the core group and is currently being circulated for comments, the Commission will be involved in appointing the merchant bankers and the price fixation of the shares of the PSUs accessing the capital markets in the first two rounds.

This decision has been taken as the first two tranches of the disinvestment process has been delayed, partially on account of market conditions and largely on account of the unwillingness of the shortlisted PSUs to permit the government to piggy-back on their public offerings, the sources said.

``Since the Commission is already in place, it has been decided that their expertise should be sought,