27-April-2024
Corporate News
 
More functional autonomy: Central Public Sector Enterprises to get powers to offload subsidiaries, exit joint ventures
19-May-2022

The Union Cabinet on Wednesday empowered the boards of the Central Public Sector Enterprises (CPSEs) to privatise, disinvest or close their subsidiaries and sell stakes in joint ventures. The move will give a fillip to the government’s efforts to unlock capital, which are either stuck or sub-optimally employed in state assets, and put these into more productive use.

News Source:- https://www.financialexpress.com/industry/more-functional-autonomy-central-public-sector-enterprises-to-get-powers-to-offload-subsidiaries-exit-joint-ventures/2529964/
 
 
 

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