Govt approves mechanism for sale of enemy shares worth Rs 3,000 crore
Friday, November 9, 2018, 9:45 AM
The government said approved a mechanism for sale of enemy shares which at the current-price estimated at around Rs.3,000 crore. According to Enemy Property Act, 1968, "Enemy property" refers to any property belonging to, held or managed on behalf of an enemy, an enemy subject or an enemy firm. Of-these-companies, 588 are functional/ active companies, 139 of these are listed with remaining being unlisted.