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BPCL, CONCOR, SCI, LIC IPO: PM Modi to chair special divestment meeting, Anil Singhvi reveals main things on agenda




BPCL, CONCOR, SCI, LIC IPO and more: Prime Minister Narendra Modi will hold a special high-level meeting on divestment from public sector units on February 24, said Anil Singhvi, editor-in-chief of Zee Business.

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This will be a crucial meeting as it will be chaired by the Prime Minister himself and is of particular importance as the objective will be to push divestment effectively, he said, adding that the Minister of Union Finances and the Secretary of DIPAM will also attend the meeting. .

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Speaking about the meeting, the editor-in-chief of Zee Business said that if the prime minister provided an update on the progress of divestment, it is a clear signal that the government is serious and that any development on this front will be done soon. BPCL divestment will be high on the agenda at Wednesday’s meeting and the government would like developments in this regard to be made before March itself.

He said the government would also ensure that the divestment from BPCL is done at a good price and on a high note so that a pace is set for further divestments from government enterprises, he added.

Chetan Bhutani of Zee Business told Anil Singhvi that the focus will be on divesting BPCL (Bharat Petroleum Corporation), CONCOR and SCI. “As the government made an announcement about this in the budget, the government will attempt to complete the divestment exercise in that fiscal year itself. My sources say there will also be a discussion about the privatization of two government banks. Bank of India, Bank of Maharashtra, Indian Overseas Bank and Central Bank are in the race for privatization. Two of them will be shortlisted for privatization, “Bhutani said.

A change in banking rules to facilitate privatization is also envisaged. AIR India, the divestment of Pawan Hans and the IPO of the LICs will also be discussed by the Prime Minister with the Union Minister of Finance and officials from DIPAM.

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