In a bid to boost investors' interest in PSU stocks, the government has asked public sector undertakings (PSUS) to declare the market value of their land and other real estate assets.
Public sector undertakings (PSUS) have been told to share the intrinsic value of their real estate assets which have been "undervalued" based on book value in their balance sheet for years, government sources said.
The exercise, being undertaken for the first time, is a step to lift confidence in these firms in the markets as PSU shares are undervalued when compared with their private peers, an official said.
Even as the current accounting standards require PSUs to declare only the book value of assets, the details are being sought to include them in the recent Public Sector Enterprises Survey, prepared by the Department of Public Enterprises (DPE), to show the value of assets these PSUS have been holding for years, according to the official.
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