Multiple choice

Which of the following was the first successful privatisation of a Central Public Sector Undertaking, carried out by the Government?

  1. BBUNL

  2. LJMC

  3. MMTC

  4. MoU

  5. ITC

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

This was the first successful privatisation of a Central Public Sector Undertaking, carried out by the Government. Lagan Jute Machinery Company was a Calcutta based company that was in decline, In the initial stages of disinvestment LJMC was approved for privatisation through sale of 74 % stake to a strategic partner.