The government on Friday said that the Cabinet Committee on Economic Affairs (CCEA) has cleared share sale plans of seven public sector companies. Giving details of the PSU (public sector undertaking) companies, Union Minister Ravi Shankar Prasad said the companies will raise funds via initial public offer (IPO) or follow-on public offer (FPO) routes. The Cabinet cleared Telecommunication Consultants India, RailTel Corporation India, National Seed Corporation India, Tehri Hydro Development Corporation, Water & Power Consultancy Services and FCI Aravali Gypsum and Minerals to raise funds through the IPO route, Mr Prasad said in a press conference.
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