ECGC IPO: Cabinet approves Export Credit Guarantee Corporation’s public market listing
Zee News
Commerce Ministry Piyush Goyal said that the Cabinet has approved the listing of Export Credit Guarantee Corporation (ECGC) via IPO.
New Delhi: Union Minister of Commerce and Industry Piyush Goyal on Wednesday said that the Union Cabinet has approved the listing of state-owned Export Credit Guarantee Corporation (ECGC) Ltd through the initial public offer (IPO) on the stock exchanges.
The minister made this announcement during the Cabinet briefing here. While addressing the press conference, Goyal said, "The Union Cabinet has approved the listing of Export Credit Guarantee Corporation Ltd. through the IPO on the stock exchange.
The government will give Rs 4400 cr in form of capital to Export Credit Guarantee Corporation of India (ECGC) enabling Banks to give additional loans of Rs 88,000 cr & ECGC will give cover on that: Union Minister Piyush Goyal pic.twitter.com/bOp40DvS47
