The Cabinet headed by Prime Minister Narendra Modi on Wednesday delegated powers to a select group of ministers to decide on modalities of stake sale in PSUs. Once the Cabinet approves disinvestment in a public sector undertaking, the group that includes the Finance Minister, Road Transport Minister Nitin Gadkari and the concerned administrative minister, will take over decision making on a range of issues - from date of stake sale, price band and tranches as well as on the quantum of disinvestment in case of minority stake sale in Central Public Sector Enterprises. The quantum would be decided on a case-by-case basis subject to Government retaining 51 percent equity and management control. This is in addition to the present functions performed by 'Alternative Mechanism' as has been approved by CCEA in August, 2014, said the statement issued after the Cabinet meeting.