Cabinet gives approval for strategic sale of over dozen PSUs

The Union Cabinet today gave in-principle approval to Niti Aayog's proposal for strategic sale of over a dozen public sector undertakings (PSUs). 

Talking to reporters after the Cabinet meeting in New Delhi, Finance Minister Arun Jaitley said the names of PSUs that are up for strategic stake sale would be made public once they are going to be put up for the auction. 

He said, the recommendations of the NITI Aayog on



disinvestment and strategic sale came up for consideration and the Cabinet in principle approved the recommendations with regard to some of the units.He said, each case would be considered separately after it has been examined by the Department of Disinvestment and the Ministries concerned.

The strategic sale will involve a management control transfer as the shareholding of the government would come down. to below 50 per cent.