Cel Privatisation News Today

It is clear now that the disinvestment policy and decision-making process are full of holes and need review.

Nandal Finance and Leasing, the bidder at the centre of the storm, is owned by the promoters of Sharda University, who have had business dealings with the family of a BJP treasurer in Uttar Pradesh.

Questions had been raised by the winning bidder Nandal Finance's financial track record and the alleged irregularities in its case before the National Company Law Tribunal.

Unions have been opposing the Centre’s decision to privatise two public sector banks and a two-day-long strike will begin from December 16.