DISINVESTMENT OF PUBLIC SECTOR ENTERPRISES IN INDIA
<ul><li>Disinvestment – Defined </li></ul><ul><li>Disinvestment in a PSU </li></ul><ul><li>Government  Policy Governing a ...
<ul><li>Conversion of money or  </li></ul><ul><li>cash into either  : - </li></ul><ul><ul><li>Securities </li></ul></ul><u...
<ul><li>Transfer of Ownership to the  </li></ul><ul><li>Government when the dilution  </li></ul><ul><li>is beyond 51 % </l...
<ul><li>Analyze the objective of Disinvestment process in India </li></ul><ul><li>Disinvestment Process viz-a-viz Budget D...
<ul><li>Price policy </li></ul><ul><li>Under utilization of capacity </li></ul><ul><li>Problem of proper planning &  </li>...
Saurabh Shah -  48
<ul><li>Methods </li></ul><ul><li>Net Asset Method </li></ul><ul><li>Profit Earning Capacity Value  </li></ul><ul><li>Meth...
 
<ul><li>Government had 52.97% stake  </li></ul><ul><li>in V.S.N.L </li></ul><ul><li>Had a monopoly of all its  </li></ul><...
<ul><li>Government’s Strategy </li></ul><ul><li>Meet the growing budget  </li></ul><ul><li>deficit </li></ul><ul><li>The G...
<ul><li>No clear framework or policy </li></ul><ul><li>Disinvestment used to meet fiscal deficit </li></ul><ul><li>No tran...
<ul><li>Clear policy & framework for disinvestment process </li></ul><ul><li>De-link disinvestment with budgetary control ...
Upcoming SlideShare
Loading in...5
×

disinvestment in india

5,108

Published on

Published in: Business, Economy & Finance
0 Comments
3 Likes
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total Views
5,108
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
393
Comments
0
Likes
3
Embeds 0
No embeds

No notes for slide

disinvestment in india

  1. 1. DISINVESTMENT OF PUBLIC SECTOR ENTERPRISES IN INDIA
  2. 2. <ul><li>Disinvestment – Defined </li></ul><ul><li>Disinvestment in a PSU </li></ul><ul><li>Government Policy Governing a PSU </li></ul><ul><li>Case on Disinvestment </li></ul><ul><li>3 P’s Of Disinvestment </li></ul><ul><li>Problems In a P.S.U </li></ul><ul><li>Objectives & Methods Of Disinvestment In India </li></ul><ul><li>Facts , Remarks & Suggestions </li></ul>Neha Kumar - 64
  3. 3. <ul><li>Conversion of money or </li></ul><ul><li>cash into either : - </li></ul><ul><ul><li>Securities </li></ul></ul><ul><ul><li>Bonds </li></ul></ul><ul><ul><li>Debentures </li></ul></ul><ul><ul><li>Or any other form of money </li></ul></ul>Neha Kumar - 64
  4. 4. <ul><li>Transfer of Ownership to the </li></ul><ul><li>Government when the dilution </li></ul><ul><li>is beyond 51 % </li></ul><ul><li>Imperative for the Government </li></ul><ul><li>to sell a part of its holdings </li></ul>Neha Kumar - 64
  5. 5. <ul><li>Analyze the objective of Disinvestment process in India </li></ul><ul><li>Disinvestment Process viz-a-viz Budget Deficit </li></ul><ul><li>The VSNL Disinvestment Case </li></ul><ul><li>Core findings of the VSNL Case </li></ul>Priti Kumari - 35
  6. 6. <ul><li>Price policy </li></ul><ul><li>Under utilization of capacity </li></ul><ul><li>Problem of proper planning & </li></ul><ul><li>execution </li></ul><ul><li>Problems with labour , personnel & management </li></ul><ul><li>Lack of autonomy </li></ul>3 P’S OF ANY P.S.U Priti Kumari - 35
  7. 7. Saurabh Shah - 48
  8. 8. <ul><li>Methods </li></ul><ul><li>Net Asset Method </li></ul><ul><li>Profit Earning Capacity Value </li></ul><ul><li>Method </li></ul><ul><li>Discounted Cash Flow Method </li></ul><ul><li>Government Policies </li></ul><ul><li>Bring down Govt equity to 26% </li></ul><ul><li>or lower </li></ul><ul><li>Restructuring of potential & </li></ul><ul><li>viable P.S.U </li></ul><ul><li>Close down P.S.U that can’t be </li></ul><ul><li>revived </li></ul><ul><li>Protect the interest of the </li></ul><ul><li>workers </li></ul>Saurabh Shah - 48
  9. 10. <ul><li>Government had 52.97% stake </li></ul><ul><li>in V.S.N.L </li></ul><ul><li>Had a monopoly of all its </li></ul><ul><li>international long distance </li></ul><ul><li>services till 2004 </li></ul><ul><li>Cash reserves & surplus of </li></ul><ul><li>more than Rs 6000 Crore </li></ul><ul><li>Had a net profit of over 800 </li></ul><ul><li>Crore (1999 – 2000) </li></ul><ul><li>Had proposed to Disinvest 25% </li></ul><ul><li>of its share capital </li></ul><ul><li>Had a market capitalization of </li></ul><ul><li>Rs 10,000 Crore </li></ul><ul><li>Minimum market price of all </li></ul><ul><li>V.S.N.L shares would be </li></ul><ul><li>Rs 20,000 Crore </li></ul>Rahul Vishwanath - 39
  10. 11. <ul><li>Government’s Strategy </li></ul><ul><li>Meet the growing budget </li></ul><ul><li>deficit </li></ul><ul><li>The Government knew that they </li></ul><ul><li>could make more money by </li></ul><ul><li>selling off their assets cheaply </li></ul><ul><li>Faster realization value </li></ul>Megha Tandon - 24
  11. 12. <ul><li>No clear framework or policy </li></ul><ul><li>Disinvestment used to meet fiscal deficit </li></ul><ul><li>No transparency </li></ul><ul><li>Failure to attract foreign buyers </li></ul>Dinkar Notani - 14
  12. 13. <ul><li>Clear policy & framework for disinvestment process </li></ul><ul><li>De-link disinvestment with budgetary control exercise </li></ul><ul><li>Disinvestment process be audited by at least 2 reputed auditing firms </li></ul>Dinkar Notani - 14
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×