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The Union Finance Minister Pranab Mukherjee on Tuesday said that the government has postponed its plans for divesting the stake in RITES Ltd, the engineering consultancy and project management arm of the railways ministry.
"The public offering of RITES Ltd has been deferred for the present due to change in capital requirements of the company," Mukherjee said in a written reply to Rajya Sabha.
But, the finance minister said that the government's holding in NHPC Ltd (formerly National Hydroelectric Power Corp) and Oil India would be diluted this fiscal.
"The public offerings of NHPC Ltd and Oil India Ltd are likely to be completed in the current financial year," Mukherjee added.
The government on Tuesday also approved the disinvestment in two loss-making companies, Tyre Corp and Central Inland Water Transport Corp.
