<p>The Finance Ministry has moved a Cabinet note for disinvestment in State Trading Corporation (STC) and ITDC to make the PSUs compliant with minimum public shareholding norms of Sebi.<br /><br /></p>.<p>The disinvestment department has sought Cabinet nod to offload 5 per cent stake in India Tourism Development Corporation (ITDC) and 1.02 per cent in STC through the Offer For Sale (OFS) route, a Finance Ministry official said. <br /><br />The government currently holds 92.11 per cent stake in ITDC and 91.02 per cent stake in STC.<br /><br />At the end of 2012-13 fiscal, the paid up capital of ITDC was Rs 86 crore and that of STC, Rs 60 crore. </p>
<p>The Finance Ministry has moved a Cabinet note for disinvestment in State Trading Corporation (STC) and ITDC to make the PSUs compliant with minimum public shareholding norms of Sebi.<br /><br /></p>.<p>The disinvestment department has sought Cabinet nod to offload 5 per cent stake in India Tourism Development Corporation (ITDC) and 1.02 per cent in STC through the Offer For Sale (OFS) route, a Finance Ministry official said. <br /><br />The government currently holds 92.11 per cent stake in ITDC and 91.02 per cent stake in STC.<br /><br />At the end of 2012-13 fiscal, the paid up capital of ITDC was Rs 86 crore and that of STC, Rs 60 crore. </p>