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Land parcels of pharma PSUs find no takers, but momentum likely in few mths

In December 2019 the decision was revised to allow sale of land to private entities as well through a competitive bidding process

pharma sctors | PSU sales | Hindustan Antibiotics

Sohini Das  |  Mumbai 

Company, PSUs, valuation, firms
In December 2016 the government had identified four pharma PSUs for sale of surplus land and eventual closure or strategic sale (Illustration: Binay Sinha)

There are no easy takers for land parcels of pharmaceutical (pharma) public sector undertakings (PSUs) after the process was set into motion in 2016. However, independent valuation of land parcels is now being done, and PSU sources indicate that the process of sale may gather momentum in the months to come.



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First Published: Wed, September 21 2022. 21:24 IST