Corporate Restructuring Through Disinvestment An Indian Perspective

Download or read book Corporate Restructuring Through Disinvestment (An Indian Perspective) written by Broota and published by . This book was released on 2007-01-01 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: About the Book: Business combinations, corporate restructuring, financial reengineering, corporate reorganizations are the terms used for restructuring the corporate sector. In India, corporate restructuring by way of disinvestment of public sector enterprises has become a fashionable concept in recent years. It started from the middle of seventies with the disappointment of public sector, but the voices of protest were very weak and periodic. But the continuous failure of public sector to fulfill the role assigned to it intensified the voices of protest. The opening of certain sectors earlier reserved for the public sector was undertaken in the beginning of eighties but the government was to some extent hesitant to make a clear statement. Then ultimately in the year 1991, under the stewardship of Dr. Manmohan Singh, then finance minister, the process of corporate restructuring through disinvestment was actually started and got momentum.