Published On:December 15 2014
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DoD identifies SJVN, MOIL for disinvestment in 2014-15.
The government has identified Satluj Jal Vidyut Nigam (SJVN) and manganese-ore miner MOIL as possible candidates for 10% disinvestment in the current fiscal which could together fetch over Rs. 1,200 crore to the exchequer.
'The disinvestment department has included 10% stake sale each in SJVNL and MOIL for disinvestment in current fiscal,' a government official told PTI.
A sale of 10% stake or 37.22 crore shares of SJVN could fetch over Rs. 890 crore. Besides, 10% stake or 1.34 crore shares of MOIL could garner around Rs. 400 crore at the current market price.
The government currently holds 89.97% in SJVN and 80% stake in MOIL.
SJVN and MOIL are among the 10 companies which have been cleared for disinvestment in the current fiscal.