Meanwhile, the secretary said that the Central Public Sector Enterprises (CPSEs) have distributed record `1.4 lakh crore in dividends in the financial year 2024-25. “Nearly half of the dividend went to minority stakeholders, which includes small investors and senior citizens,” said a source in DIPAM.
The DIPAM secretary has said while geopolitical developments are taking the world markets by storm, the Indian government is doing its best to cushion its impact on minority stakeholders.
“It is our Prime Minister’s vision that the wealth of Public Sector Enterprises should be shared with the citizens and our PSUs are leading by example in pursuit of that vision,” said a DIPAM official.
The Indian government recently raised around `3,700 crore by divesting 2.8% of stake in Mazagon Dock Shipbuilders through an Offer for Sale (OFS). The government has asked Public Sector companies to act as a role model in stock market and distribute at least 30% of their profit after tax or 4% of their networth, whichever is higher, to their shareholders.