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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