Disinvestment of 10 percent paid up equity in Satluj Jal Vidyut Nigam Limited (SJVNL) out of Government of India shareholding of 75 per cent
The Cabinet Committee on Economic Affairs today approved the disinvestment of 10% equity of the company, out of its shareholding, through book building process in the domestic market. After this disinvestment, Government of India’s shareholding in the company would come down to 65% and Government of Himachal Pradesh’s shareholding in the company would remain same at 25%. The paid up equity capital of the company at present is Rs.4108.81 crore.
Satluj Jal Vidyut Nigam Limited, a joint venture between Government of India and the Government of Himachal Pradesh in ratio of 75:25 is engaged in the business of planning, promoting, organizing and executing projects relating to generation, distribution, operation and maintenance and sale of power.
Link is being provided for easy reference to SJVNL website: