ETFs to Help Gov’t Sell Shares

In the budget bill for the next fiscal year (March 2020-21) the government can divest its stake in state-run companies via exchange-traded funds. 
As per the draft budget, administrative bodies are obliged to name subsidiaries in which the government’s share is below 50%.
They are required to send the names of the companies to the Ministry of Economy and Plan and Budget Organization by June  2020.