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Poket News

Parent Public Sector Enterprises to undertake process for Disinvestment or closure of units

Parent Public Sector Enterprises to undertake process for Disinvestment or closure of units

  • The Union Cabinet has approved the proposal for empowering the Board of Directors of the Holding and Parent Public Sector Enterprises to recommend and undertake the process for Disinvestment or closure of any of their subsidiaries, units, and stake in Joint Ventures. 
  • The cabinet has also empowered Alternative Mechanism to accord in-principle approval for disinvestment, sale of stakes in Joint Ventures of Holding, and Parent Public Sector Enterprise of Maharatna PSEs.