Markets watchdog Sebi has proposed changes to the mechanism for determining open offer price with respect to disinvestment of public sector undertakings.
The successful bidder will be selected through the two-stage auction procedure involving a competitive bidding process, run under the aegis DIPAM.
Union Budget 2022: disinvestment receipts pegged at Rs 65,000 crore, current year's estimates halved
Current fiscal's disinvestment receipt estimates were cut to Rs 78,000 crore from a highly ambitious Rs 1.75 lakh crores after the government has been able to mop up only 12,030 crore so far.
This will be done by clubbing the shareholding of state-run banks, financial institutions like LIC and other PSUs, she said.