1. ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ DISINVESTMENT- the concept and process 05/05/11

10. Disinvestment – Process flow 05/05/11

11. 05/05/11

12. Finalization of shareholders’/share purchase/other agreements etc. in consultation with the bidders 05/05/11

13. Receipt of final bids and resealing of bids in presence of bidders & receipt of evaluation papers from advisors Finalization of upset price by evaluation committee/IMG Reopening of financial bids in presence of bidders and their comparison with upset price by IMG IMG/CGD/CCD approvals (and other regulatory approvals, as needed) Execution of legal documents and inflow of funds Documents submitted to CAG’s office for assessment 05/05/11

14. 05/05/11

15. Cases of Privatisation in India 05/05/11

18. Disinvestments in various PSU 05/05/11

19. 05/05/11

24. Disinvest Approach----------------- 5. All cases of disinvestment are to decided on a case by case basis; 6. The Department of Disinvestment is to identify CPSEs in consultation with respective administrative ministries and submit proposal to the Government in cases requiring offer for sale of Government equity. 05/05/11