A parliamentary panel has asked the Department of Investment and Public Asset Management to finalise a clear legal strategy, incorporating a ‘golden share’ or indirect control model, to safeguard strategic autonomy in PSUs where state shareholding may drop below 51 per cent. Currently, the government’s shareholding cannot fall below 51 per cent in any entity to maintain public sector enterprise status. The government is exploring the possibility of the ‘golden share’ concept for public sector undertakings (PSUs) to maintain strategic oversight while reducing stake below 51 per cent.