(a) whether the Public Sector Undertakings are being allowed to invest in other Public Sector Undertakings in the disinvestment process; and
(b) if so, the details thereof and the reasons therefor?
(a) whether the Public Sector Undertakings are being allowed to invest in other Public Sector Undertakings in the disinvestment process; and
(b) if so, the details thereof and the reasons therefor?
MINISTER OF DISINVESTMENT AND MINISTER OF DEVELOPMENT OF NORTH EASTERN REGION (SHRI ARUN SHOURIE)
(a)&(b) On the basis of the criteria decided for the qualification of bidders for acquiring stakes in any Public Sector Undertaking slated for disinvestment, any company, in private or public sector, can take part in a competitive bidding process. However, depending on the unique features of a case, and taking into consideration all relevant factors, Government can always impose reasonable restrictions in specific cases, in public interest and in the interest of privatisation of `non-strategic` PSUs.