Eight of 10 government firms listed since 2017 have sunk investors

Mar 29, 2019 - Quartz

The Indian government has been raising money, time and again, by listing state-owned enterprises on the bourses. But initial investors in most of these firms are yet to recover their money.

Since the beginning of 2017, up to 11 initial public offerings (IPOs) of public sector units have hit the stock market. Joining the stable today (March 29), is the New Delhi-based Rail Vikas Nigam (RVNL) Limited.

The Miniratna company is responsible for setting up new routes for Indian Railways, u...