Road map for PSU disinvestment in 3-4 weeks: Finance Sec
Press trust of India / New Delhi Jul 15, 2009, 15:05 IST
The Finance Ministry today said a road map for disinvestment in public sector units will be brought out in three-four weeks, but there would be no strategic sale.
The government will retain 51 per cent stake in all public sector units, Finance Secretary Ashok Chawla said.
Finance Minister Pranab Mukherjee had yesterday, in his reply to the debate on the Union Budget, said: "My ministry has initiated discussions with other ministries and departments for identifying the PSUs" for disinvestment.
The government has proposed to mop up Rs 1,100 crore this fiscal from divestment of stake in PSUs.
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