New Delhi, May 8 (IANS) The catering unit of Indian Railways IRCTC is likely to file the draft red herring prospectus for its ₹400 crore IPO next month with market regulator Sebi. Last month, the government raised about ₹480 crore by selling 12.12 per cent stake in Rail Vikas Nigam Ltd (RVNL). In April 2017, the Cabinet Committee on Economic Affairs had approved listing of five railway companies -- IRCON International, RITES, RVNL, IRFC and IRCTC. Bharat-22 ETF, which was launched in 2017-18, has 16 central public sector enterprises covering six sectors, 3 public sector banks and 3 private sector companies where the government holds minority stake. CPSE-ETF comprises shares of 11 companies -- ONGCNSE, Coal IndiaNSE, Indian Oil Corp, Power Finance Corp, REC, Bharat Electronics, Oil India, NTPC, NBCC (India), NLC India and SJVN Ltd.

Source: Mint May 08, 2019 13:41 UTC