Consider the following statements:
1. Minority Stake Sale happens when the Government intends to sell a part of the PSU from its overall shareholding, given that post stake sale of the GOI ownership is still above 26%.
2. Asset Monetization involves creation of new sources of revenue by unlocking of value of unutilized or underutilized public assets.
3. Complete privatization is a form of majority disinvestment in which the Government does not retain any voting powers.
Which of the above statements are correct?
Statement 1 is incorrect: Minority Stake Sale happens when the Government intends to sell a part of the PSU from its overall shareholding, given that post stake sale the GOI ownership is still above 51%. Statement 2 is correct: Asset Monetization involves creation of new sources of revenue by unlocking of value of hitherto unutilized or underutilized public assets. Statement 3 is correct: Complete privatization is a form of majority disinvestment wherein 100% control of the company is passed on to a buyer.
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