{"id":281870,"date":"2019-07-12T05:58:24","date_gmt":"2019-07-12T05:58:24","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=281870"},"modified":"2019-07-12T05:58:24","modified_gmt":"2019-07-12T05:58:24","slug":"ongc-ioc-gail-ntpc-may-lose-psu-tag-after-equity-dilution","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-ioc-gail-ntpc-may-lose-psu-tag-after-equity-dilution\/","title":{"rendered":"ONGC, IOC, GAIL, NTPC may lose PSU tag after equity dilution"},"content":{"rendered":"<p>New Delhi: Several of &#8216;maharatna&#8217; and &#8216;navratna&#8217; companies, including ONGC, IOC, GAIL and NTPC, could soon become independent board-run entities outside the scrutiny of CAG and CVC if the government implements a proposal to take out the PSU tag from some of the entities after its shareholding falls below the threshold 51% mark.<\/p>\n<p>Government sources said that Finance Ministry is planning to approach NITI Aayog to prepare yet another list of PSUs where their holding could be brought down to below 51% and also point out which of these could shed the PSU tag and become independently board-run private companies.<\/p>\n<p>For a company to remain a government-controlled public sector undertaking (PSU), either the Centre or the state government or both together should hold more than 51% stake in it. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: Several of &#8216;maharatna&#8217; and &#8216;navratna&#8217; companies, including ONGC, IOC, GAIL and NTPC, could soon become independent board-run entities outside the scrutiny of CAG and CVC if the government implements a proposal to take out the PSU tag from some of the entities after its shareholding falls below the threshold 51% mark. Government sources said that Finance Ministry is planning to approach NITI Aayog to prepare yet another list of PSUs where their holding could be brought down to below 51% and also point out which of these could shed the PSU tag and become independently board-run private companies. [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-281870","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/281870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=281870"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/281870\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=281870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=281870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=281870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}