New Delhi, Mar. March 10 (TIWN) The government may retain non-controlling stake in some of the public sector enterprises that would be put for strategic sale involving change of management control next year.

Highly placed government sources said that a bare minimum government presence may be maintained in sectors such as defence, railways and infrastructure so that necessary hand holding is provided to the new management in the initial years of operation.  Also, the bare minimum presence would also provide the government with additional revenue opportunity to exit the entity after its expansion and growth that enhances the valuation of shares.  More than a dozen companies would be lined up for privatisation in FY22. Depending on the market conditions and the size of the share sale with transfer of management control, the government will decide either to sell its entire stake or retain a portion of it for sale later.  Speaking to IANS earlier, disinvestment secretary Tuhin Kanta Pandey had said that the government is going into a difficult area of ceding control of PSEs under the privatisation policy but would not completely exit from certain companies that would require some hand holding.