Govt to amend CPSE capital restructuring guidelines for dividend payment

Quick Summary:

The finance ministry had in May 2016, issued a comprehensive guidelines on 'Capital Restructuring of Central Public Sector Enterprises (CPSEs)' in 2016 for efficient management of government investment in CPSEs.

"With the CPSEs now more strong in terms of balance sheet and having improved on their market capitalisation, it is now time for a relook of the capital restructuring guidelines," an official told PTI.

The government is working to amend its 2016 guidelines with regard to dividend payment, bonus issues and share buyback by CPSEs, officials said.

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Category: BusinessFinance

Markets: India

Topics: Central Public Sector Enterprises Insurance Shareholders Stock market Department of Investment and Public Asset Management Share Official Dividends Bank balance Corporate development Finance ministry Buyback Bonus share

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-01 @ 23:37:09 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 473 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 30 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22321629

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