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Government planning to launch IPO of TCIL during quarter ended March 2019

November 08, 2018

The Ministry of Finance is planning to launch an initial public offering (IPO) to sell up to 25 per cent stake in Telecommunications Consultants India Limited (TCIL) during the quarter ended March 2019. The move is being undertaken as a part of the ministry’s plan to list four central public sector enterprises.

According to the government, the work on launching the IPO of TCIL has already begun. To this end, the ministry will soon approach the cabinet for securing approval for up to 25 percent stake dilution in TCIL.

TCIL was set up in 1978 under the administrative control of the Department of Telecommunications.

 

 
 

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