The Cabinet Has Approved IPO Listing of 7 Government-owned Companies

The Indian cabinet committee on Economic Affairs has finally approved the plan to list 7 public sector firms on the stock exchange through IPO (Initial Public Offering) or FPO (Further Public Offer). Means in the year 2019, there is an expectation that these 7 IPOs will raise their funds via IPO or FPO. This would be a great opportunity for the stock market aspirants who love to play safe.

The seven public sector companies are:

  • Telecommunication Consultants (India) Pvt Ltd
  • National Seed Corporation India
  • Railtel Corporation India
  • Water & Power Consultancy Services (India)
  • Tehri Hydro Development Corporation
  • Kudremukh Iron Ore Company
  • FCI Aravali Gypsum and Minerals (India)

The cabinet has also approved the CRZ (Coastal Regulation Zone) Notification 2018 and this will lead to enhancing the businesses in the coastal provinces & will improve the economic growth.

Happy New Year in Advance and Hope this New Year will bring new joy and get multi-baggers returns in the upcoming years.

Posted in: IPO

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