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
Please log in to get detailed story.
Tags: #Fine balancing required between raising of fiscal resources# interest of minority shareholders: DIPAM Secretary
More News

Ellenbarrie Industrial Gases raises Rs 255cr from anchor investors ahead of IPO opening

24 Jun 2025 | 12:30 PM

Mumbai, June 24 (UNI) Ellenbarrie Industrial Gases has garnered Rs. 255.76 crores from anchor investors ahead of its initial public offering that opens for public subscription on Tuesday.

see more..
Rupee rises by 65 paise against US dollar

Rupee rises by 65 paise against US dollar

24 Jun 2025 | 10:13 AM

Mumbai, June 24 (UNI) The rupee on Tuesday appreciated by 65 paise at 86.10 in opening session as global crude oil prices fell after the US President announced a tentative ceasefire between Iran and Israel, forex traders said.

see more..
Sensex soars by 818 31 points

Sensex soars by 818 31 points

24 Jun 2025 | 10:10 AM

Mumbai, June 24 (UNI) The BSE Sensex on Tuesday soared by 818.31 points to 82,715.10 in early trade , tracking positive cues from peers after US President Donald Trump announced a cease fire between Iran and Israel, which led to a in oil prices.

see more..

TRULiV raises strategic Investment from BCCL at Rs 356 50 Cr valuation

24 Jun 2025 | 1:26 AM

Hyderabad, June 23 (UNI) TRULiV, India’s most capital-efficient and profitable co-living company, on Monday announced a strategic equity partnership with Bennett, Coleman & Co Ltd. (BCCL) at a valuation of Rs 356.50 crore.

see more..

Supertech EV plans to raise up to Rs 29 90 cr from Public Issue, IPO opens on June 25

24 Jun 2025 | 1:20 AM

Hyderabad, June 23 (UNI) Supertech EV Limited, one of the pioneering force in the Indian electric vehicle (EV) market with a focus on electric two-wheelers (E2W) and electric three-wheelers (E3W), is planning to raise up to Rs 29.90 crore from its SME public issue.

see more..