India's sale of enemy shares worth Rs 30 billion: All you need to know

Following wars with Pakistan and China, property owned in India by people from these countries were moved to the Custodian of Enemy Property of India

The government of India will sell stocks worth at least Rs 30 billion (at current prices) seized from their owners after the wars with China and Pakistan, as a way to make up for a shortfall in revenues. Sachin P Mampatta explains the nitty-gritty of the procedure.

What is the procedure laid down by the government relating to the sale of enemy shares?
 

The Union cabinet last week approved a plan to sell stock of 996 companies held by 20,323 shareholders, deemed as “enemy shares”. The government said 588 were active firms including 139 listed on the stock exchange.

In a note