Which of the following statements is are not correct regarding the Strategic and Minority sale ........

Indian Economy (CDS) Industry

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Which of the following statements is/are not correct regarding the Strategic and Minority sale?

Strategic sale involves the sale of maximum 51 % state of a Public Sector Unit (PSU) to the private sector.

The control and management of PSU remains with the government in minority sale.

Strategic sale is done through a process of competitive bidding and subsequent sales to the partner.

None of the above

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Explanation:

Correct option: (a) Explanation: Statement (a) is incorrect: Strategic sale involves the sale of minimum 51 % state of a Public Sector Unit (PSU) to the private sector.a Supplementary notes: Strategic Sale Strategic sate involves the sale of minimum 51 % state of a Public Sector Unit (PSU) to the private sector. It is done through a process of competitive bidding and subsequent sales to the partner. The control and management of PSU is transferred to the private sector. Minority Sale Minority sale involves the sale of less than 49% slake of a PSU to the private sector. The control and management of PSU remains with the government as it holds the majority stake. Minority disinvestment are made via public offers.