Finance Ministry releases handbook on disinvestment for CPSEs
June, 17th 2011
The Finance Ministry on Thursday released the Handbook on Disinvestment through Public Offering, based on its experience of making eleven public offerings in the last two years.
The handbook, which was released by Finance Minister Pranab Mukherjee, serves as a ready guide for handling future offerings by compiling in one place the processes and procedures required for a public offering.
It is to be used as a procedural guide by the concerned administrative ministry, the public sector entity and the department of disinvestment itself.
Further, it enumerates the process of preparation of documents and details regarding selection of book running lead managers.
It also talks about the obligations of the PSU and the concerned administrative ministry as regards to pre-issue and post-issue activities.