Sunday, December 13, 2015

Government puts final touches to strategic stake-sale policy framework- The Road to Disinvestment

  • Draft note on policy for strategic sale of distressed PSUs being circulated
  • Cabinet likely to approve the note by December end
  • Disinvestment Commission to decide whether to sell or revive sick PSUs
  • Assets of unlisted loss-making PSUs might go under the hammer
  • Assets to include factories, warehouses, hotels, office buildings and land parcels
  • Cabinet secretary has been meeting various ministries regarding their companies
  • FY16 disinvestment target Rs 69,500 Cr - Rs 41,000 Cr from stake sale in listed profitable PSUs and the remaining from strategic sales
  • So far, only Rs 12,600 Cr garnered from four stake sales through Offer For Sale route

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