The core group of secretaries on divestment met on Wednesday to scrutinise financial bids for sale of majority stake in newsprint maker NEPA and took up the issue of divestment of equity in a slew of companies, including Hindustan Salts and National Instruments Ltd.
The high-powered panel also deliberated on the divestment commission's recommendation on sale of Hindustan Shipyard and Cochin Shipyard which were submitted to the divestment ministry early last month, sources said.
The ministry would now forward the report along with its views to Cabinet Committee on Divestment for approval.
It is also reported to have sought a date for a meeting of the CCD.
Wednesday's meeting also took up the matter of transaction documents for Instrumentation Control and Valves Ltd, a public sector unit under the purview of heavy industries ministry.
In the case of NEPA, government will divest a 72 per cent stake to a strategic partner along with management control for which it has mandated A F Ferguson as global advisors.
Only one bidder, Gujarat Samachar, is reported to be in the fray.
In the case of CSL, the commission recommended sale of 51 per cent stake to a strategic partner who could bring in efficiencies and capital.
The commission also recommended sale of entire government equity in HSL to a strategic partner along with restructuring package to be worked out with the buyer.
Alternatively, it suggested closure of the PSU which has an equity base of Rs 150 crore (Rs 1.50 billion) where government equity stands at 100 per cent.
