MoneyControl
Finance Minister Nirmala Sitharaman on February 2 said the government is open to the idea of disinvestment of equity stake in blue-chip PSUs including State Bank of India (SBI) and Oil and Natural Gas Corp (ONGC). The government is not against the idea of holding a minority stake (less than 50 percent) in key strategic public sector companies, she said in an exclusive interview with Network18.
“Absolutely,” Sitharaman told Network18 Editor-in-Chief Rahul Joshi, when asked if she was okay with holding 49 percent or less in PSUs including SBI and ONGC. Currently the government holds a controlling 57.49 percent stake in SBI and 58.89 percent stake in ONGC.
