Quick Summary
Disinvestment of Govt holding completed of 16.12% in TCL through OFS at Rs 5,457 cr and 10% to strategic partner at OFS discovered price for Rs 3,389 cr. With this, Government exits from TCL with total proceeds of Rs about Rs 8,846 cr.
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FAQ :
The government has completed the disinvestment of its 16.12% holding in TCL.
The government raised Rs 5,457 crore through the Offer for Sale (OFS) of its 16.12% stake and an additional Rs 3,389 crore from selling 10% to a strategic partner, totalling approximately Rs 8,846 crore.
OFS stands for Offer for Sale, which is the mechanism used by the government to divest its stake in TCL.
Yes, with the completion of the disinvestment, the government has exited its holding in TCL.
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