The government is on a selling spree. The cabinet Committee on Economic Affairs (CCEA) has approved selling of governments shares in State trading Corporation (STC) and India Tourism Development Corporation (ITDC).

STC is having 91.02 % government shares and ITDC 92.11%. As per the Securities and Exchange Board of India (SEBI), all listed companies  have   to have 10% of public share holding.

The government is expecting Rs. 33 crore through the present stake sale. The selling spree continues.