Budget 2023 proposes to Change Definition of ‘Strategic Disinvestment’ [Read Finance Bill]

By Fathima Karama A.M - On February 1, 2023 6:08 pm - 2 mins read

Under the newly proposed Union Budget 2023 the Union Ministry has proposed to modify the definition of ‘strategic disinvestment’. Strategic disinvestment would imply the sale of substantial portion of the Government shareholding of a central public sector enterprise (CPSE) of up to 50%, or such higher percentage as the competent authority may determine, along with…

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