Twelve PSUs to be put on block as selloff gathers steam under strategic divestment


Twelve PSUs to be put on block as selloff gathers steam under strategic divestment

The government has stepped up its strategic divestment drive, with premier think tank Niti Aayog recommending immediate stake sales in 12 central public sector enterprises (CPSEs). Companies identified in the second round include National Textile Corporation, Fertilisers and Chemicals Travancore, Hindustan Antibiotics, Scooters India and Hindustan Fluorocarbons.

A senior government official told ET that the Aayog has recently sent a list of a dozen CPSEs for strategic disinvestment to a core group of secretaries headed by the cabinet secretary. This group will make final suggestions to the Cabinet Committee on Economic Affairs on the mode and quantum of strategic disinvestment.

Once approved by the cabinet, the process will be kickstarted by the department of investment and public asset management (DIPAM) in consultation with departments and ministries concerned. Read More…

Credit By : Energy.economictimes.indiatimes.com

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