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%. Post the sale control over management is retained by the Government of India. Historically, Minority Stake Sales have been auctioned off to institutions or offloaded to the public by the means of an Offer for Sale. Presently, government policy states that all disinvestments would only be minority disinvestments via Public Offers. MPS could be achieved through various modes specified in SEBI circular date 30th Nov 2015 and 26th Feb 2018 viz. through IPO/FPO, OFS, Secondary market sale by promoters, Institutional placement program, Rights issue, Bonus issue, Open market sale, QIP (qualified institutional placement).
|S.No||Name Of CPSEs||Method of Disinvestment||Financial Year 2021-22 (RS.CRORE)|
|1||Others (SUTTI Axis Bank)||OFS||3,994.33|