The disinvestment process of the Central Government continues without any break. The latest is in the dredging Corporation of India. The Government has decided to disinvest 5% of the shares from the present 78.5% the Centre holds.
Dredging Corporation of India deals with the dredging of the sea ports in India. There is no other PSU dealing with the work. There are sufficient work and the company is a profitable one.
Naturally, the target of the government is to privatise. It is for this purpose that the shares are being sold at the initial stage.