India : Disinvestment Policy.
The extant disinvestment policy, inter alia, envisages:
Listing of profitable CPSEs on stock exchanges to unlock the value of the company, improve efficiency and promote ''peoples ownership'' by encouraging public participation in CPSEs;
Disinvestment through ''minority stake sale'' in listed CPSEs to achieve minimum public shareholding norms of 25 per cent. While pursuing divestment through ''minority stake sale'', the Government will retain majority shareholding, i.e. at least 51% and management control of the Public Sector Undertakings; Strategic disinvestment by way of sale of substantial portion of Government shareholding in identified CPSEs upto 50 per cent or more, along with transfer of management control.
As per the disinvestment policy, the Government has approved listing of 14 CPSEs in sectors like railways, defence, power, steel, renewable energy & insurance. The Government has also put in place a mechanism/procedure alongwith indicative timelines for listing of CPSEs on 17.02.2017 which are followed by Administrative Ministries/Departments.
[c] 2018 Al Bawaba (Albawaba.com) Provided by SyndiGate Media Inc. ( Syndigate.info ).
|Printer friendly Cite/link Email Feedback|
|Date:||Mar 10, 2018|
|Previous Article:||India : Basel III capital regulations.|
|Next Article:||India : Second Advance estimates released by Central Statistics Office (CSO) projects the growth of Gross Domestic Product (GDP) to be 6.6 per cent...|