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Union Cabinet approves creation of a new company for land monetisation

The special purpose vehicle (SPV), called the National Land Monetisation Corporation (NLMC), will be set up as a wholly state-owned company with an initial authorised share capital of Rs 5,000 crore

Topics
indian government | PSU Disinvestment | privatisation

Arup Roychoudhury  |  New Delhi 



Finance Ministry, Ministry of Finance

The Union Cabinet on Wednesday approved the creation of a new company to hold and monetise surplus land assets and buildings of government departments and PSUs that are being privatised or shut down.

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First Published: Thu, March 10 2022. 00:25 IST

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