Investors in PSU issues may get up to 10 pc rebate

Merchant bankers involved with the follow-on and initial public offers of several public sector enterprises say that the government is considering a 5-10% rebate for retail investors.

The government’s divestment programme would see NTPC, Sutlej Jal Vidyut Nigam and National Mining Development Corporation tapping the capital market soon. Even as the preparation for the fund-raising by three companies are on, the government has simultaneously initiated the process of appointing independent directors on the boards of these companies.