Appointment of Merchant Bankers and Intermediaries required for Disinvestment Transactions

The Cabinet Committee on Economic Affairs today approved the appointment of Merchant Bankers and other intermediaries to disinvestment transactions involving offer for sale or fresh issue by the company in conjunction with offer for sale be advanced to an earlier stage in the process of disinvestment.

The approved process will help planning and timing of the Public Offerings in a manner that they are spread out evenly and avoid bunching as far as possible so as to ensure better response from investors, including retail. .

The appointment of Merchant Bankers and other intermediaries will now be taken up simultaneously with the process of seeking CCEA approval as soon as the Minister-in-Charge has approved the case. It is expected that the time saved will be optimally utilized in preparing for the actual transaction and in facilitating the disinvestment process. .