Summary:
The day is not far behind when government's holding in Public Sector Units (PSUs) will go below 51%, a top central government official said here on Thursday. In India, L&T does not have promoter share and it continues to be a professionally run company," he said. He said that if a company is owned by a government, it blocks the investment coming from the private sector. He emphasised that the difference between actual share within an enterprise and control over it need to understood in a proper context. While promoter may have a minority share he may continue to have control over the company..