Government loses big as value of PSU holdings at record low

INSUBCONTINENT EXCLUSIVE:
capitalisation in the September 2018 quarter following the poor performance by the public sector undertakings (PSUs) on bourses
It had touched a peak of 23.6 per cent in September 2009. The BSE PSU index has underperformed the benchmark SP BSE Sensex by 45 per cent in
the past five years
The Sensex trades at 176 per cent premium to the price-book (P/B) multiple of the BSE PSU index compared with the 10-year average premium of
It reduced stakes in ONGC, Coal India, and NTPC by 6.6 per cent, 11.6 per cent and 22.7 per cent respectively since December 2010 as a part
of the disinvestment programme.