Road map for PSU disinvestment in 3-4 weeks: Finance Sec

Image
Press trust of India New Delhi
Last Updated : Jan 20 2013 | 10:14 PM 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.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 15 2009 | 3:05 PM IST

Next Story