A strategic sale of a Public Sector Unit PSU necessarily involves Complete privatization of a PSU Se...........

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A strategic sale of a Public Sector Unit (PSU) necessarily involves

Complete privatization of a PSU
Selling majority of shares to a public listed financial corporation
Moving production lines to strategic goods rather than non-strategic goods and services

Select the correct answer using the codes below.

1 only

2 and 3 only

1 and 3 only

None of the above

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Explanation:

There was a major shift in the disinvestment policy from selling small lots of share in the profit-making PSUs (i.e., token disinvestment) to the strategic sale with change in management control both in profit and loss- making enterprises. The essence of the strategic disinvestment was—

The minimum shares to be divested will be 51 per cent, and the wholesale sale of shares will be done to a 'strategic partner' having international class experience and expertise in the sector. This form of disinvestment commenced with the Modern Food Industries Ltd. (MFIL).