May 25: The Government of India has shortlisted several major public sector enterprises, including Coal India Limited, Life Insurance Corporation of India, Indian Overseas Bank, and Indian Railway Finance Corporation, for planned share sale and disinvestment initiatives.
The move is part of the government’s ongoing strategy to gradually reduce its stake in select public sector undertakings while improving efficiency and strengthening capital market participation.
Officials said the stake sale programme will be implemented in phases, depending on market conditions and regulatory approvals, with a focus on ensuring smooth execution and strong investor participation.
The initiative is expected to enhance market liquidity and unlock value from state-owned assets, while maintaining a balanced approach to public ownership and fiscal management objectives.
Authorities added that the shortlisted companies play a key role in their respective sectors, making the process significant for both investors and the broader financial markets.