Disinvestment Department is never idle. The Cabinet Committee on Economic Affairs has approved the follow on Public Offer (FPO) of PFC (Power Finance Corporation. The issue will raise 15% fresh equity as also 5 % disinvestment. The PSU at present have 78% equity at present and will have 85% after disinvestment. The PSU hopes to get Rs. 5372 crore through the present exercise. Employees will be offered share on 5% discount.

HAL (Hindustan Aeronautics Limited (HAL), the defence PSU also is looking for disinvestment. At present 100% shares are held by the government.

It is certain that the workers in these PSUs will oppose these disinvestments.