20 CPSES, units in pipeline for strategic sale: Finmin

As many as 20 CPSES and their units are at various stages of strategic disinvestment, while six are being considered for closure or are under litigation, Minister of State for Finance Anurag Singh Thakur said on Monday. In a written reply to a question in the Lok Sabha, Singh said the government follows a policy of disinvestment through strategic stake sale and minority stake dilution. “Based on the criteria laid down by NITI Aayog, the Government has ‘in principle’ approved strategic disinvestment in 34 cases since 2016, out of which strategic disinvestment in eight cases has been completed, six CPSES are under consideration for closure and litigation, and remaining 20 transactions are at various stages,” Singh said.