The Centre is reportedly planning to cut its stake in government-run companies, like NTPC Ltd, Steel Authority of India (SAIL) and Power Grid Corporation (PGCIL), to 49 percent, according to a media report.
The government has set a timeline of three years to lower its stake in most central public sector enterprises (CPSEs). There are over 250 CPSEs in which the government holds a 51 percent stake or more, according to a report in The Economic Times.
However, CPSEs that operate in sectors of strategic importance, such as defence and oil, will not be included in this plan. Read More
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