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
"The government is proposing/planning to bring down its equity holding below 51 percent in select Central public sector enterprises."
BSNL, Air India and MTNL incurred 55.66 per cent of the total losses suffered by the top ten loss-making CPSEs in 2016-17.