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Policy on state-run units' strategic sale soon

It won't be limited to loss-making units, says Disinvestment Secretary Neeraj Kumar Gupta

Policy on state-run units' strategic sale soon

The much-anticipated policy on strategic sale of state-owned companies will be out soon and it won’t be limited to just loss-making enterprises, Disinvestment Secretary Neeraj Kumar Gupta said on Tuesday. “May be later in the year, the government will come out with a policy prescription for strategic sale. We will be doing strategic sale,” Gupta told reporters during a press conference on NTPC’s five per cent stake sale on Tuesday. “Broadly, the strategic sale is that government is selling the equity of the company along with the controlling management. How ...