Govt to sell stake in profit making firms

On Tuesday, Finance Minister Pranab Mukherjee told parliament the government would sell up to 10% of its stake in the profit making state-run firms.

The government has reportedly drawn up 25 state firms for stake sales. These include-
Nuclear Power Corporation of India, 
National  Bank for Agriculture and Rural Development, 
Exim Bank of India,
Punjab & Sind Bank, 
Indian Railways Finance Corporation and
National Housing Bank. 

Other companies planning initial public offers (IPO) include SBI Caps and SBI Fund Management, both
subsidiaries of government-controlled State Bank of India.

Many of these IPOs could hit the market after the follow-on public offers of 5% each in NTPC and Rural Electrification Corporation, and a 10% stake sale in unlisted Satluj Jal Vidyut Nigam are completed in the current financial year.