Centaur Hotel

The correct answer is option 'C', which states that 100 percent privatisation has taken place for Centaur Hotel in India.

Explanation:

In order to understand the privatisation of Centaur Hotel, it is important to have a clear understanding of what privatisation means. Privatisation refers to the process of transferring ownership and control of a publicly-owned or government-operated entity to private individuals or companies.

Centaur Hotel was a chain of luxury hotels operated by the public sector undertaking, Hotel Corporation of India (HCI), which was under the control of the Indian government. The Indian government decided to privatise the hotels operated by HCI in order to improve their efficiency, reduce financial burden, and encourage private investment in the hospitality sector.

Here's a detailed explanation of the privatisation process of Centaur Hotel:

1. Background:
- The government-owned HCI was facing financial difficulties due to increasing losses and lack of investment in infrastructure and modernization.
- The government decided to privatise the hotels operated by HCI to attract private investment and improve their operations.

2. Disinvestment Process:
- The disinvestment process of Centaur Hotel involved selling the government's stake in HCI to private players.
- The government initiated the sale by inviting bids from interested buyers.
- The interested buyers had to go through a bidding process and submit their proposals, including financial offers.

3. 100% Privatisation:
- After evaluating the bids, the government selected the buyer who offered the highest price and met other criteria.
- In the case of Centaur Hotel, the government decided to privatise it completely by selling 100 percent of its stake in HCI to the selected buyer.
- This means that the entire ownership and control of Centaur Hotel was transferred from the government to the private buyer.

4. Implications of Privatisation:
- Privatisation of Centaur Hotel led to a shift in ownership and control from the government to the private sector.
- The new private owner would now be responsible for the management, operations, and future investments in the hotel.
- It was expected that privatisation would bring in fresh capital, modernise the hotel infrastructure, and improve the overall performance and profitability of Centaur Hotel.

In conclusion, the correct answer is option 'C', as 100 percent privatisation has taken place for Centaur Hotel in India. The government-owned Hotel Corporation of India (HCI) sold its entire stake in Centaur Hotel to a private buyer through a bidding process, transferring ownership and control from the government to the private sector. This move aimed to attract private investment, improve hotel operations, and reduce the financial burden on the government.