Sale of a major portion of Government stake to a Strategic Buyer and also giving over the management control is called as ____________.
Sale of a major portion of Government stake to a Strategic Buyer and also giving over the management control is called as ____________.
The correct option is A Strategic Sale
When the government decides to transfer the ownership and control of a public sector
entity to some other entity, either private or public, the process is called
strategic disinvestment.
The Department of Investment and Public Asset
Management which comes under the Finance
Ministry defines Strategic disinvestment as follows: “Strategic disinvestment
would imply the sale of a substantial portion of the Government shareholding of central public sector enterprises of
up to 50%, or such higher percentage as the competent authority may determine,
along with transfer of management control.”
The correct option is A.
When the government decides to transfer the ownership and control of a public sector entity to some other entity, either private or public, the process is called strategic disinvestment.
The Department of Investment and Public Asset Management which comes under the Finance Ministry defines Strategic disinvestment as follows: “Strategic disinvestment would imply the sale of a substantial portion of the Government shareholding of central public sector enterprises of up to 50%, or such higher percentage as the competent authority may determine, along with transfer of management control.”
The correct option is A.
