Government to soon present proposal to divest 15 per cent stake in TCIL

As per industry sources, the government is planning to present the initial public offering (IPO) proposal for divestment of stake in Telecommunications Consultants India Limited (TCIL) for cabinet approval soon.

The government is looking to divest 15 percent stake in TCIL and TCIL will be issuing a 10 percent fresh equity.

Around 25 percent of equity of the PSU is likely to be offered through the IPO route.