New Delhi: Strategic disinvestment has been the buzz word ever since Modi 2.0 came to power. Now, here is the list of 28 Central Public Sector Enterprises (CPSEs) including subsidiaries, Units and Joint Ventures that the Government has given 'in-principle' approval for strategic disinvestment with the sale of the majority stake of Government of India and transfer of management control.
This was stated by Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Rajya Sabha on Tuesday. Surprisingly this list of PSUs approved for strategic disinvestment does not find mention of BPCL, and just to double it HPCL's name has been added to the list. Besides, in certain other CPSEs, the policy of minority stake sale without transfer of management control through various SEBI approved methods, are being followed in order to unlock the value, promote public ownership and a higher degree of accountability.
"The Government has given 'in-principle' approval for strategic disinvestment of 28 Central Public Sector Enterprises (CPSEs) including subsidiaries, Units and Joint Ventures with the sale of the majority stake of Government of India and transfer of management control"- Anurag Thakur, Mos Finance & Corporate Affairs
The Minister further stated that the Cabinet Committee of Economic Affairs (CCEA) is mandated to approve strategic disinvestment of CPSEs. There is no approval yet of the CCEA with regard to strategic disinvestment of Bharat Petroleum Corporation Limited (BPCL), Container Corporation and Shipping Corporation of India. Following is the list of 28 CPSEs, Subsidiaries, Units and Joint Ventures for which the Government has given 'in-principle' approval for strategic disinvestment:
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram. Join PSU Watch Channel in your Telegram and stay updated)