CCEA may consider govt's stake cut in some PSUs to below 51% next week

The Cabinet Committee on Economic Affairs (CCEA) is next week expected to take up a proposal to reduce the government’s stake in a number of state-owned companies below 51 per cent. This move is different from privatisation as the Centre will continue to hold a majority stake in these companies and they will still be classified as public sector enterprises.

These companies are those in which the Centre already has a stake below 60 per cent, and could include Indian Oil (current government stake of 51.5 per cent), NTPC Ltd (54.50 per cent), Bharat Electronics (58.83 per cent), BEML (54.03 per