Disinvestment of 5 percent paid up equity capital of ITDC and 1.02 percent of paid up capital of STC out of Government of India shareholding

The Cabinet Committee on Economic Affairs has approved the disinvestment of 5 percent paid-up equity capital in the India Tourism Development Corporation (ITDC) and 1.02 percent paid-up equity capital in the State Trading Corporation (STC), essentially to make these Central Public Sector Enterprises (CPSEs) compliant to the public shareholding norms under the Securities Contract (Regulation) Rules (SCRR). Under these rules every listed public sector company has to maintain a public shareholding of atleast 10 percent of the total paid up equity capital.

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