Letter to BS: What could be strategy behind govt move to sell stake to PSU?

If the govt embarks on strategic sales of PSUs, it may have to pay a political price for it, as opposition parties would leave no stone unturned in embarrassing the govt, building a counter narrative

This refers to the article “Strategic sales sans strategy” (April 24) by A K Bhattacharya. The title of the column tells it all. There have been many instances in the past when the government has shed its majority stake in one public sector undertaking (PSU) in favour of another; however, no strategic private player has been roped in for diluting majority stake in a PSU. Typically, this sort of divestment may not qualify for strategic sales, though the government maintains that some of these divestments, mainly Power Finance Corporation picking up stake in Rural Electrification Corporation, is aimed at bringing