Cabinet Clears Public Offer Plans Of 7 State-Run Firms

INSUBCONTINENT EXCLUSIVE:
Union Minister Ravi Shankar Prasad said six PSU companies will be listed on stock exchangesThe government on Friday said that the Cabinet
Giving details of the PSU (public sector undertaking) companies, Union Minister Ravi Shankar Prasad said the companies will raise funds via
Corporation India, National Seed Corporation India, Tehri Hydro Development Corporation, Water Power Consultancy Services and FCI Aravali
Gypsum and Minerals to raise funds through the IPO route, Mr Prasad said in a press conference.One of the seven firms, Kudremukh Iron Ore
said.Mr Prasad did not elaborate on the timing of the proposed share sales.