The Disinvestment Department is not idle. The Cabinet Committee on Economic Affairs has approved the follow on public offer (FPO) of Power Finance Corporation (PFC). The issue will raise 15% fresh equity besides five per cent disinvestment of government holding in the company.

The government currently holds 89.78 stake in the PSU. After the follow on issue, the Government will have only 85%. On the current valuation the issue will raise Rs.5,372 crore. Certain % of shares are reserved for the employees.

HAL (Hindustan Aeronautics Limited ) is also thinking of for IPO (Initial Public Offer ) subject to the approval of the Government. At present HAL is a completely government owned defence PSU.