ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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LARSEN AND TOUBRO-Expansion Plans

A Hush-Hush Affair Again THE second round of divestment of public sector shareholdings for this year by the government is not to be by auction, after all, but by tender system as was the case in the first round last year. This has been announced in a notification issued by the department of public enterprises on September 21 for disinvestment of 5 per cent of the shares in eight public sector companies in which a like amount was divested also in the last year. And though the notification attracted immediate adverse reaction in the press because of the continuation of the tender system of divestment, the only change made since the notification was issued is that of an extension of the notified date for the opening of tenders from October 6 to October 14.

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