The Cabinet Committee on Economic Affairs (CCEA) has approved sale of equity in four state-owned companies including ONGC and NMDC which may fetch the exchequer Rs22,574 crore, the lok Sabha was informed on Friday. The Government has cleared 5 per cent stake sale in the ONGC which could yield Rs 13,217 crore, Minister of State for Finance Jayant Sinha said in a written reply.
Based on the market price of shares on March 16, 2015, the 10 per cent stake sale in NMDC and Nalco each would fetch the Government approximately Rs5,038 crore and Rs1,190 crore respectively, he said. He further said that 5 per cent stake sale in BHEl could yield as much as Rs3,129 crore. The expected realisation, Sinha said, is based on the share prices on March 16, 2015 and after taking into account discount provide to retail investors.