“We have asked SBI Caps to study and advice within a month on the listing of the PSUs of Indian Railways. It would also suggest whether they should be listed separately or a holding company should be formed before listing. Indian Railways had earlier asked SBI Caps to study the listing options for 14 public sector undertakings (PSUs) under Indian Railways. However, if the railways form a holding company, the proceeds from divesting the subsidiaries will go to the holding company. The divestment proceeds will be ploughed back into the holding company and redeployed to improve the Indian Railways, the officials added.

Source: The Telegraph February 19, 2017 20:37 UTC