Beating the bears

The Government's decision to go in for a new auction-based offer-for-sale route to divest its stakes in public sector undertakings (PSU) is good news for both small shareholders as well as the firms themselves. It is vastly more preferable to the other options considered earlier, such as getting these companies to buy back only shares of the Government or draining them of their cash hoard through hefty dividend payouts.

Read Full Story>>