The cabinet committee on divestment is likely to meet on July 10 to take up, among other things, the highly successful public offer of shares in Maruti.
Divestment Minister Arun Shourie would brief the committee on the public offer of shares in Maruti, which closed last month recording a massive oversubcription by 13 times, government sources said in New Delhi on Friday.
A ministerial panel had last month approved the sale of shares at a premium of Rs 120 per share on a face value of Rs 5. The CCD would have to give a green signal for the proposal.
The meeting is also expected to firm up transaction documents for the sale of government equity in National Fertilisers Ltd prior to calling the financial bids.
The transaction documents for Hindustan Organic Chemicals Ltd and Shipping Corporation of India, where the government proposes to offload the controlling stake, are also expected to figure in the meeting, sources said.
However, the issue of the sale of residual stake in PSUs which have been disinvested, is unlikely to figure at the meeting, sources indicated, stating that the proposal had to be vetted at various levels before being taken up at the Cabinet level.
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