Govt invites bids from advisers for strategic disinvestment of 3 PSUs
The government has kicked off strategic disinvestment exercise for this fiscal by inviting bids from advisers for sale of its controlling stake in three PSUs of Container Corporation of India (Concor), NEEPCO and THDC India.
Earlier this month, the Union Cabinet cleared a proposal of 30 per cent stake sale in Concor. Presently, the government has 54.80 per cent shareholding in the company and with the stake sale, the government will lose the management control.
Besides, the Cabinet had cleared government’s stake sale in power companies THDC India and North Eastern Electric Power Corporation (NEEPCO) to NTPC.
In strategic disinvestment, a buyer also takes the management control.
