Business EconomyPosted at: Sep 15 2022 8:41PM


Fine balancing required between raising of fiscal resources, interest of minority shareholders: DIPAM Secretary

Mumbai, Sep 15 (UNI) Fine balancing is required between raising of fiscal resources and the interest of minority shareholders, DIPAM Secretary Tuhin Kanta Pandey has said.

"If we move too quick to garner resources from disinvestment through market sales, it will certainly create price overhang, which will not be in the interest of minority shareholders. What is important is a nuanced approach that is in the best interest of the stock market, shareholders as well as PSEs," he said at a special sessions organized on Day-2 of FICCI’s 19th Annual Capital Markets Conference, CAPAM 2022 - Amrit Kaal: Roadmap for Capital Markets for India’s Century.
He said listing of public sector companies is an important objective of government policy, not only from point of view of disinvestment receipts but also from the point of view of corporate governance and transparency that it brings, apart from broadening and deepening of capital markets.
Drawing parallels with Atmanirbhar Bharat, he said the success of the LIC IPO showed that India’s capital markets and investors have capacity to pull off a massive IPO of this stature.
Emphasizing the role of capital formation in the present context of economic growth and in fulfilling the vision for India’s growth, Pandey emphasized the importance of brownfield investments and the potential opportunities it can create in the long term.
UNI AKM
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Tags: #Fine balancing required between raising of fiscal resources# interest of minority shareholders: DIPAM Secretary
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