Disinvestments - Cabinet approves PSU buyback:: Edelweiss PDF link

Please Share:: India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��

Under intense pressure to rein in mounting fiscal slippages, the govt in November had proposed three steps to kick start the lagging disinvestment process to shore up finances. Of the three, the Union Cabinet has cleared the proposal of buyback of shares for public sector enterprises (PSUs). In our view, likely candidates for the buyback could be PSUs with enough cash to meet their capex requirements for FY13 and lower borrowing. We believe the most likely candidates are Coal India, Bharat Electronics, NMDC, Oil India, MMTC, and MOIL.

Disinvestments - Cabinet approves PSU buyback