Cabinet approves bringing down its stake below 51% in CPSEs

Cabinet approves cutting govt stake in select PSUs to below 51 per cent while retaining management control.

New Delhi: The Union Cabinet has considered and approved the proposal to bring down government stake in central public sector enterprises (CPSEs) to below 51 per cent even while retaining management control on Wednesday.

In her Budget Speech of 2019-20, Sitharaman had announced the government has been following the policy of disinvestment in non-financial public sector undertakings maintaining the government's stake not to go below 51 per cent.