Question : Disinvestment of HSCC (India) Ltd.

(a) whether the Government has disinvested the profit making Central Public
Sector Enterprise (CPSE) Hospital Services Consultancy Corporation Limited
(HSCC), if so, the details thereof and the reasons therefor;
(b) whether post disinvestment the employees of HSCC (India) Limited have been forcefully removed by National Buildings Construction Corporation Limited (NBCC), if so, the details thereof and the reasons therefor;
(c) whether the management have prepared plan to retrench HSCC (India) Limited employees in next six months and if so, the details thereof; and
(d) the measures taken by the Government to protect the job interests and life of HSCC (India) Limited employees?

Answer given by the minister

The Minister of State for Finance
(Shri Pon. Radhakrishnan)

(a) NBCC (India) Limited has taken over HSCC (India) Limited as a part of strategic disinvestment of CPSEs by Government of India. NBCC signed a Share Purchase Agreement with Ministry of Health and Family Welfare for 100% acquisition of shares of HSCC on 6.11.2018 by payment of Rs. 285 crores.

(b) No, Sir.


(c)&(d) Does not arise in view of answer (b) above. However, adequate safeguards
have also been made in the Share Purchase Agreement as regards Employees Protection.


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