{"id":3889,"date":"2019-11-22T02:36:33","date_gmt":"2019-11-22T02:36:33","guid":{"rendered":"https:\/\/kuvera.in\/blog\/?p=3889"},"modified":"2019-11-22T03:17:27","modified_gmt":"2019-11-22T03:17:27","slug":"d-for-disinvestment","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/d-for-disinvestment\/","title":{"rendered":"Dial &#8220;D&#8221; for.. Disinvestment!"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_40 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" area-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69d2669ad64ad\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69d2669ad64ad\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/kuvera.in\/blog\/d-for-disinvestment\/#PSU_Disinvestment_-_meaning_history_and_way_forward\" title=\"PSU Disinvestment \u2013 meaning, history and way forward \u00a0\">PSU Disinvestment \u2013 meaning, history and way forward \u00a0<\/a><ul class='ez-toc-list-level-5'><li class='ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/kuvera.in\/blog\/d-for-disinvestment\/#What_is_a_PSU\" title=\"What is a PSU?\">What is a PSU?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/kuvera.in\/blog\/d-for-disinvestment\/#What_is_Disinvestment_of_a_PSU\" title=\"What is Disinvestment of a PSU?\">What is Disinvestment of a PSU?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/kuvera.in\/blog\/d-for-disinvestment\/#PSUs_in_India_-_Background\" title=\"PSUs in India \u2013 Background\">PSUs in India \u2013 Background<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/kuvera.in\/blog\/d-for-disinvestment\/#Benefits_of_PSU_Disinvestment\" title=\"Benefits of PSU Disinvestment \">Benefits of PSU Disinvestment <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/kuvera.in\/blog\/d-for-disinvestment\/#Challenges_and_Issues\" title=\"Challenges and Issues\">Challenges and Issues<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/kuvera.in\/blog\/d-for-disinvestment\/#1_Bharat_Petroleum_Corporation_Ltd_BPCL\" title=\"1 \/ Bharat Petroleum Corporation Ltd (BPCL)\">1 \/ Bharat Petroleum Corporation Ltd (BPCL)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/kuvera.in\/blog\/d-for-disinvestment\/#2_Container_Corporation_of_India_CONCOR\" title=\"2. Container Corporation of India (CONCOR)\">2. Container Corporation of India (CONCOR)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/kuvera.in\/blog\/d-for-disinvestment\/#3_Shipping_Corporation_of_India_Ltd_SCI\" title=\"3. Shipping Corporation of India Ltd (SCI)\">3. Shipping Corporation of India Ltd (SCI)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/kuvera.in\/blog\/d-for-disinvestment\/#4_Tehri_Hydro_Development_Corporation_of_India_Ltd_THDCIL\" title=\"4. Tehri Hydro Development Corporation of India Ltd (THDCIL)\u00a0\u00a0\">4. Tehri Hydro Development Corporation of India Ltd (THDCIL)\u00a0\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/kuvera.in\/blog\/d-for-disinvestment\/#5_North_Eastern_Electric_Power_Corp_Ltd_NEEPCO\" title=\"5. North Eastern Electric Power Corp Ltd (NEEPCO)\">5. North Eastern Electric Power Corp Ltd (NEEPCO)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/kuvera.in\/blog\/d-for-disinvestment\/#Purpose_of_this_round_of_Disinvestment\" title=\"Purpose of this round of Disinvestment\">Purpose of this round of Disinvestment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/kuvera.in\/blog\/d-for-disinvestment\/#Fiscal_Deficit_Target\" title=\"Fiscal Deficit Target\">Fiscal Deficit Target<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/kuvera.in\/blog\/d-for-disinvestment\/#Other_Steps_way_forward\" title=\"Other Steps &amp; way forward \">Other Steps &amp; way forward <\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h4><span class=\"ez-toc-section\" id=\"PSU_Disinvestment_-_meaning_history_and_way_forward\"><\/span><strong>PSU Disinvestment \u2013 meaning, history and way forward \u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>The much anticipated PSU disinvestment announcement came on Wednesday, November 20, 2019 by the Union Finance Minister Nirmala Sitharaman. It is being hailed as another positive step by the government in a series of market boosting reforms.<\/p>\n<p>This latest round of disinvestment is also being touted as a step in the right direction because it involves a \u2018Strategic sale\u2019. A strategic\u00a0sale is referred to as the \u2018real deal\u2019 where a new investor is involved and the management control is passed on which in true sense achieves the objective of disinvestment. This is because in India there has been a practice of selling one PSU\u2019s stake to another or through buybacks or changing ownership through other government-owned entities.<\/p>\n<p>Let us understand the process and the perspective of PSU Disinvestment in India.<\/p>\n<p>&nbsp;<\/p>\n<blockquote><p>&nbsp;<\/p>\n<p class=\"b-qt qt_747299\"><strong>I am in favour of disinvestment. But if a disinvested company has to tie up with a government company for its livelihood, there is a problem.<\/strong><\/p>\n<p class=\"bq_fq_a\"><strong>: Ratan Tata<\/strong><\/p>\n<p>&nbsp;<\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"What_is_a_PSU\"><\/span><strong>What is a PSU?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>A company, entity or enterprise owned and controlled by the government is called a Public Sector Undertaking or PSU. A PSU owned by the central government is known as a\u00a0Central Public Sector Enterprise (CPSE). A PSU owned by any state\u00a0government in India is known as State Level Public Enterprise (SLPE).<\/p>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"What_is_Disinvestment_of_a_PSU\"><\/span><strong>What is Disinvestment of a PSU?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>It is the process of sale, dilution or bringing down of government\u2019s stake in a Public Sector Undertaking. It may or may not result in a management or ownership change. Disinvestment is different from privatization in which there is a change in ownership and management as well. A change in ownership occurs in a PSU if the government offloads more than 51% of its stake along with management control in the particular PSU to private entrepreneurs.<\/p>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"PSUs_in_India_-_Background\"><\/span><strong>PSUs in India \u2013 Background<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>Post-independence the major objective of setting up of PSUs was to establish and develop the growth of core sectors. There were important and strategic sectors which needed control, ownership, foresight and resources which only the government could offer. It was also necessary for generating employment, income and maintaining regional balance. The PSUs were not thought to be run purely from a profit motive but more from a socio-economic perspective.<\/p>\n<p>However, after the balance of payments issue resulting in India\u2019s economic crisis and the subsequent <a href=\"https:\/\/en.wikipedia.org\/wiki\/Economic_liberalisation_in_India\">reforms of 1991<\/a>, successive governments and other stakeholders have come to realise the manifold benefits that disinvestment of PSUs bring.<\/p>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"Benefits_of_PSU_Disinvestment\"><\/span><strong>Benefits of PSU Disinvestment <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>Disinvestment is generally considered to be a good step once the private industry is large enough such that there is no need for the government to be running these enterprises.\u00a0 While the government can provide resources to jumpstart an industry, it comes with lower efficiency and productivity. Once PSU achieves the scale they should be transferred to private players through a market-led mechanism. Some of the benefits that come from disinvestment are:<\/p>\n<ul>\n<li>Enhancing efficiency &amp; productivity through greater transparency and scrutiny. Reduce waste through less government interference.<\/li>\n<li>Ability to hire and nurture better management<\/li>\n<li>Promote competition and improve financing &amp; investment<\/li>\n<li>Unlocking of resources primarily freeing of land bank and reserves<\/li>\n<li>Technological advancement<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<blockquote><p>&nbsp;<\/p>\n<p><strong>Given the inefficiency of the Indian bureaucracy to effectively implement national objectives, a possible approach (as suggested by Prof. Kelkar once), to salvage the existing PSEs (including all its stakeholders) and to protect the State\u2019s investment in them, would be to transfer all Government\u2019s share in all PSEs to a holding company set up under the Disinvestment Act, at once.<\/strong><\/p>\n<p><strong>: Sanjeev Mishra (author India&#8217;s Disinvestment Story)<\/strong><\/p>\n<p>&nbsp;<\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"Challenges_and_Issues\"><\/span><strong>Challenges and Issues<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>In spite of the benefits and advantages of PSU disinvestment, there are proponents of keeping PSUs with the government entirely. The biggest argument is that only good or outperforming assets get sold or disinvested while the government is left holding a bag of bad\/underperforming assets. Some of the concerns against PSU Disinvestment are:<\/p>\n<ul>\n<li>Welfare motive is lost once the entity becomes market-driven<\/li>\n<li>Job losses<\/li>\n<li>Fitment issues with new owner\/s<\/li>\n<li>Few bidders or distress sale of assets<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Let us now understand the details of this latest exercise where, along with BPCL, disinvestment has been announced in four other PSUs :<\/strong><\/p>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"1_Bharat_Petroleum_Corporation_Ltd_BPCL\"><\/span><strong>1 \/ Bharat Petroleum Corporation Ltd (BPCL)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>The government has decided to sell its 53.3% stake in the corporation as part of a strategic sale. BPCL, after the sale, will not be managed by the government.\u00a0 Numaligarh Refinery Limited (NRL) which is part of BPCL, will be hived off as a separate entity and will stay with the government.\u00a0 It can be sold later to a government-owned oil &amp; gas sector entity, as per the FM\u2019s announcement. NRL is based in Numaligarh, Assam and is quite critical for fuel supplies to the security forces based in the North East. The total amount which can be raised from this transaction is expected to be INR 63,000 crores. Although the actual realisable value can be much higher considering the fact that BPCL is a blue-chip corporation with huge assets and countrywide presence. Historically an auction-based sale has been a better disinvestment process than a strategic sale which has a higher probability of interference.<\/p>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"2_Container_Corporation_of_India_CONCOR\"><\/span><strong>2. Container Corporation of India (CONCOR)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>The government will sell a 30.8 % stake to a strategic buyer passing on the management control in the process. As per estimates, the government will be able to raise INR 13,400 crores from this sale. After the completion of this sale, the government&#8217;s stake will be 24% which it wants to retain as Concor\u2019s operations are related to cargo movement through Indian railways.<\/p>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"3_Shipping_Corporation_of_India_Ltd_SCI\"><\/span><strong>3. Shipping Corporation of India Ltd (SCI)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>The government will sell its 63.75% stake in Shipping Corporation to a strategic buyer. The sale is expected to realize INR 2000 crores.<\/p>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"4_Tehri_Hydro_Development_Corporation_of_India_Ltd_THDCIL\"><\/span><strong>4. Tehri Hydro Development Corporation of India Ltd (THDCIL)\u00a0\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>The government will sell its 74.2% stake to National Thermal Power Corporation Ltd (NTPC)<\/p>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"5_North_Eastern_Electric_Power_Corp_Ltd_NEEPCO\"><\/span><strong>5. North Eastern Electric Power Corp Ltd (NEEPCO)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>The government will sell its entire stake (100%) to NTPC<\/p>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"Purpose_of_this_round_of_Disinvestment\"><\/span><strong>Purpose of this round of Disinvestment<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>This round of disinvestment will fetch the government an estimated INR 78,400 crores. The government&#8217;s disinvestment target for the current Financial Year is INR 1.05 lakh crores. Till September 2019, it has been able to raise only INR 12,359 crores.<\/p>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"Fiscal_Deficit_Target\"><\/span><strong>Fiscal Deficit Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>The government had recently announced a path-breaking reform in the form of <a href=\"https:\/\/kuvera.in\/blog\/of-policy-change-stock-market-rebounds-and-behavioural-biases\/\">Corporate tax cut<\/a>. This will have a far-reaching impact in the years to come. This might, however, have an adverse impact on the government\u2019s fiscal deficit target of 3.3% for the current financial year. Thus the latest disinvestment exercise becomes all the more important in order to reach the target.<\/p>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"Other_Steps_way_forward\"><\/span><strong>Other Steps &amp; way forward <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>The government recently announced its decision regarding the merging of two state-owned telecom companies MTNL and BSNL. It had earlier in the year announced a merger of state-owned Power Finance Corporation Ltd (PFC) and Rural Electrification Corporation Ltd (REC). The government intends to continue with the disinvestment process and is simultaneously looking for privatising other entities like Air India as well. The Finance Minister has announced the government\u2019s intention of bringing down its stake in select PSUs to 51%. It will be done after taking into account the government\u2019s stake and also in cases where it has a stake through any government-controlled entity.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PSU Disinvestment \u2013 meaning, history and way forward \u00a0 The much anticipated PSU disinvestment announcement came on Wednesday, November 20, 2019 by the Union Finance Minister Nirmala Sitharaman. It is being hailed as another positive step by the government in a series of market boosting reforms. This latest round of disinvestment is also being touted [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/kuvera.in\/blog\/d-for-disinvestment\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":11,"featured_media":3903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[99],"tags":[297,296,295],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dial &quot;D&quot; for.. Disinvestment! - Kuvera<\/title>\n<meta name=\"description\" content=\"What is disinvestment and why does the government do it? What are the benefits and challenges of disinvestment? Read to learn more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kuvera.in\/blog\/d-for-disinvestment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dial &quot;D&quot; for.. Disinvestment! - Kuvera\" \/>\n<meta property=\"og:description\" content=\"What is disinvestment and why does the government do it? What are the benefits and challenges of disinvestment? Read to learn more.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kuvera.in\/blog\/d-for-disinvestment\/\" \/>\n<meta property=\"og:site_name\" content=\"Kuvera\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/kuvera.in\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-22T02:36:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-11-22T03:17:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/11\/oil-refinery-2754223_1280.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Kuvera\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Kuvera_In\" \/>\n<meta name=\"twitter:site\" content=\"@Kuvera_In\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kuvera\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Dial \"D\" for.. Disinvestment! - Kuvera","description":"What is disinvestment and why does the government do it? What are the benefits and challenges of disinvestment? Read to learn more.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/kuvera.in\/blog\/d-for-disinvestment\/","og_locale":"en_US","og_type":"article","og_title":"Dial \"D\" for.. Disinvestment! - Kuvera","og_description":"What is disinvestment and why does the government do it? What are the benefits and challenges of disinvestment? Read to learn more.","og_url":"https:\/\/kuvera.in\/blog\/d-for-disinvestment\/","og_site_name":"Kuvera","article_publisher":"https:\/\/www.facebook.com\/kuvera.in","article_published_time":"2019-11-22T02:36:33+00:00","article_modified_time":"2019-11-22T03:17:27+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/11\/oil-refinery-2754223_1280.png","type":"image\/png"}],"author":"Kuvera","twitter_card":"summary_large_image","twitter_creator":"@Kuvera_In","twitter_site":"@Kuvera_In","twitter_misc":{"Written by":"Kuvera","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/kuvera.in\/blog\/d-for-disinvestment\/#article","isPartOf":{"@id":"https:\/\/kuvera.in\/blog\/d-for-disinvestment\/"},"author":{"name":"Kuvera","@id":"https:\/\/kuvera.in\/blog\/#\/schema\/person\/6b774e7d3516942b9e0242c93d7cb307"},"headline":"Dial &#8220;D&#8221; for.. Disinvestment!","datePublished":"2019-11-22T02:36:33+00:00","dateModified":"2019-11-22T03:17:27+00:00","mainEntityOfPage":{"@id":"https:\/\/kuvera.in\/blog\/d-for-disinvestment\/"},"wordCount":1229,"commentCount":3,"publisher":{"@id":"https:\/\/kuvera.in\/blog\/#organization"},"keywords":["BPCL","disinvestment","PSU"],"articleSection":["Investing 101"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/kuvera.in\/blog\/d-for-disinvestment\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/kuvera.in\/blog\/d-for-disinvestment\/","url":"https:\/\/kuvera.in\/blog\/d-for-disinvestment\/","name":"Dial \"D\" for.. Disinvestment! - Kuvera","isPartOf":{"@id":"https:\/\/kuvera.in\/blog\/#website"},"datePublished":"2019-11-22T02:36:33+00:00","dateModified":"2019-11-22T03:17:27+00:00","description":"What is disinvestment and why does the government do it? What are the benefits and challenges of disinvestment? Read to learn more.","breadcrumb":{"@id":"https:\/\/kuvera.in\/blog\/d-for-disinvestment\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/kuvera.in\/blog\/d-for-disinvestment\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/kuvera.in\/blog\/d-for-disinvestment\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/kuvera.in\/blog\/"},{"@type":"ListItem","position":2,"name":"Dial &#8220;D&#8221; for.. Disinvestment!"}]},{"@type":"WebSite","@id":"https:\/\/kuvera.in\/blog\/#website","url":"https:\/\/kuvera.in\/blog\/","name":"Kuvera","description":"Wealth Management, Simplified","publisher":{"@id":"https:\/\/kuvera.in\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/kuvera.in\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/kuvera.in\/blog\/#organization","name":"Kuvera","url":"https:\/\/kuvera.in\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/kuvera.in\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/07\/cropped-cropped-kuvera-logo-dark-3.png","contentUrl":"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/07\/cropped-cropped-kuvera-logo-dark-3.png","width":83,"height":13,"caption":"Kuvera"},"image":{"@id":"https:\/\/kuvera.in\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/kuvera.in","https:\/\/twitter.com\/Kuvera_In","https:\/\/www.instagram.com\/kuvera.in","https:\/\/www.linkedin.com\/company-beta\/10456535\/"]},{"@type":"Person","@id":"https:\/\/kuvera.in\/blog\/#\/schema\/person\/6b774e7d3516942b9e0242c93d7cb307","name":"Kuvera","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/kuvera.in\/blog\/#\/schema\/person\/image\/","url":"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/07\/social-media-logo-02-alt-v3-150x150.jpg","contentUrl":"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/07\/social-media-logo-02-alt-v3-150x150.jpg","caption":"Kuvera"},"description":"Kuvera is India's first free Direct Mutual Fund investing platform. We bring you goal-based investing and innovative features like Tax Harvesting, TradeSmart, Family Account and more!","sameAs":["http:\/\/kuvera.in"],"url":"https:\/\/kuvera.in\/blog\/author\/kuvera-research\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/posts\/3889"}],"collection":[{"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/comments?post=3889"}],"version-history":[{"count":16,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/posts\/3889\/revisions"}],"predecessor-version":[{"id":3906,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/posts\/3889\/revisions\/3906"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/media\/3903"}],"wp:attachment":[{"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/media?parent=3889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/categories?post=3889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/tags?post=3889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}