Govt collects Rs 26,457 crore by decreasing stakes in six DPSUs in last 5 years
MoS for Defence Shripad Naik said the policy is also aimed at meeting the minimum public shareholding norms of SEBI, ensuring higher degree . . .
Editorial Staff
Govt collects Rs 26,457 crore by decreasing stakes in six DPSUs in last 5 years
The government has collected Rs 26,457 crore by decreasing its shareholding in six defence public sector undertakings (DPSUs) in the last five years, according to details provided by Minister of State for Defence Shripad Naik in Rajya Sabha on Monday. Responding to a question, Naik said a total of Rs 14,184.70 crore was collected by decreasing stakes in Hindustan Aeronautics Limited (HAL) while the amount was Rs 8,073.29 crore from Bharat Electronics Limited (BEL) and Rs 2,371.19 crore from Bharat Dynamics Limited (BDL). Similarly, Rs 434.14 was fetched from Mishra Dhatu Nigam Limited (MIDHANI), Rs 420.52 crore from Garden Reach Shipbuilders & Engineers Ltd (GRESE) and Rs 974.15 crore was collected from Mazagon Dock Shipbuilders Limited (MDL). He said the policy of disinvestment of minority stake without transfer of management control is being followed for priority sector including defence to unlock value, promote public ownership. The minister said the policy is also aimed at meeting…
