Centre To Offload Stake In Wapcos Through Primary Market Offering

The government is looking at offloading 25 per cent stake in WAPCOS, a public sector enterprise working in the water, power and infrastructure sectors, through an initial public offering. "The government intends to disinvest up to 25 per cent paid-up equity share capital of WAPCOS out of its shareholding of 100 per cent, through an initial public offering in the domestic market," the department of investment and public asset manageme...