Uttar Pradesh has the highest number of them, followed by West Bengal. The government plans to sell the share held in 84 companies and has invited bids for 1.88 lakh sales of shares of 20 firms in the first round
The Enemy Property Act came into effect in the aftermath of the Indo-China and Indo-Pak wars in 1962 and 1965.
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The government plans to sell the enemy property share held in 84 companies. According to a recent notification by the Department of Investment and Public Asset Management, Ministry of Finance, there are about 2.91 lakh enemy property shares in these 84 companies. The government intends to sell the shares in tranches and has invited bids for 1.88 lakh sales of shares of 20 companies.