Strategic Sale and Privatization — Policy Reforms

Entry	Year	Description	Impact
Companies Act Amendment	2013	The Companies Act 2013 introduced comprehensive provisions for corporate governance, merger and acquisition procedures, and minority shareholder protection that significantly impacted strategic sale processes. It established clearer frameworks for due diligence, valuation, and transfer procedures.	Enhanced transparency and regulatory compliance in strategic sale transactions, providing better protection for minority shareholders and clearer legal frameworks for ownership transfer
SEBI Takeover Regulations Amendment	2011	SEBI amended takeover regulations to streamline the process for strategic acquisitions, including provisions for mandatory open offers, pricing mechanisms, and disclosure requirements that apply to strategic sale of listed PSUs.	Improved market transparency and investor protection during strategic sales of listed PSUs, ensuring fair pricing and proper disclosure to all stakeholders