BusinessGovernment defers decision on PSU disinvestment through buyback
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Government defers decision on PSU disinvestment through buyback
The Department of Disinvestment (DoD), which has identified about two-dozen cash rich public sector enterprises with a total balance of nearly Rs 2 lakh crore, had sought opinion of respective ministries on disinvestment through the buyback mode.
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Amid inter-ministerial differences, the Union Cabinet on Wednesday deferred a decision on proposal of Disinvestment Department to raise Rs 40,000 crore from divestment of PSUs through buyback and other modes.