Govt missing the perfect opportunity for PSU privatisation: Experts

Say Centre should push PSU share sale as markets hit record high

The government is missing the opportunity offered by the bullish markets to push share sales in public sector units (PSUs) and privatise them, according to experts. With the current market boom, the government has so far cut its stake through offers for sale (OFS) only in five PSUs, with the fifth one yet to go through.

N R Bhanumurthy, vice-chancellor of Bengaluru Dr BR Ambedkar School of Economics University, said the government should have sold shares in companies in which minimum public shareholding norms had not been met when the markets were at historic highs. However, divestment is expected to