Amendment of section 72A.

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....overnment or a public sector company, in a public sector company or in a company, which results in-- (a) reduction of its shareholding to below fifty-one per cent.; and (b) transfer of control to the buyer: Provided that the condition laid down in subclause (a) shall apply only in a case where shareholding of the Central Government or the State Government or the public sector company was abo....

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....duction of its shareholding to below fifty-one per cent.; and (b) transfer of control to the buyer. It is further proposed to provide that the condition of reduction of its shareholding to below fifty-one per cent. shall apply only in a case where shareholding of the Central Government or the State Government or the public sector company was above fifty-one per cent. before such sale of shareho....