Department of Investment and Public Asset Management (DIPAM) has informed that the Government has given ‘in-principle’ approval for strategic disinvestment of 28 CPSEs including Subsidiaries, Units and Joint Ventures with sale of majority stake of Government of India and transfer of management control. The proceeds from strategic sale will depend on various factors, including market conditions, at the time of actual sale.

This information was given by the Minister for Heavy Industries & Public Enterprises, Arvind GanpatSawant, in a written reply in the Rajya Sabha today.

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MM/SB