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Govt collects Rs 26,457 crore by decreasing stakes in six DPSUs in last 5 years

Govt collects Rs 26,457 crore by decreasing stakes in six DPSUs in last 5 years SECTIONS Govt collects Rs 26,457 crore by decreasing stakes in six DPSUs in last 5 yearsPTI Last Updated: Mar 15, 2021, 08:09 PM IST Share Synopsis Minister of State for Defence Shripad Naik said the policy is also aimed at meeting the minimum public shareholding norms of SEBI (Securities and Exchange Board of India) and for ensuring higher degree of accountability. The minister 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 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.

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