November 23, 2024 02:23 (IST)
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Cabinet empowers BOD of Holding / Parent Public Sector Enterprises to recommend and undertake the process for Disinvestment

Cabinet empowers BOD of Holding / Parent Public Sector Enterprises to recommend and undertake the process for Disinvestment

New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the proposal for empowering the Board of Directors (BOD) of the Holding / Parent Public Sector Enterprises to recommend and undertake the process for Disinvestment (both strategic disinvestment and minority stake sale) or closure of any of their subsidiaries / units / stake in JVs.