Forget general investors, PSUs are finding it hard to convince even their own employees to take part in the disinvestment programme, and none of them was able to sell the entire quota reserved for their workforce in public offers since the last financial year.
Besides, some PSUs that have remote locations are unable to communicate the public offer message to their employees and face various difficulties like opening demat accounts.
“What we have found in the seven, eight instances is that whatever was reserved for employees has not been fully subscribed. The best subscription we had was of REC that went up 75 per cent,” Disinvestment Secretary Sumit Bose today said today at a SCOPE seminar.
