ADVERTISEMENT

NITI bats for divesting 34 sick PSUs

Updated - October 26, 2017 09:32 pm IST

Published - October 26, 2017 09:28 pm IST - NEW DELHI

Government think-tank NITI Aayog has recommended strategic disinvestment of 34 sick public sector units so far, its CEO Amitabh Kant said on Thursday. The Prime Minister’s Office (PMO) had asked the think-tank to look into the viability of sick state-run companies. “We have recommended 34 sick PSUs for strategic disinvestment,” Mr. Kant said at the Crisil India Infrastructure Conclave here.

The Centre plans to raise funds to the tune of ₹72,500 crore through stake sale in PSUs this fiscal, including ₹46,500 crore from minority stake sale.

This is a Premium article available exclusively to our subscribers. To read 250+ such premium articles every month
You have exhausted your free article limit.
Please support quality journalism.
You have exhausted your free article limit.
Please support quality journalism.
The Hindu operates by its editorial values to provide you quality journalism.
This is your last free article.

ADVERTISEMENT

ADVERTISEMENT