The main forms of privatisation are
(i) Denationalisation When 100 % government ownership of productive assets is transferred to the private sector. It is called denationalisation.
(ii) Partial Privatisation When less than 100 % or more than 50 % ownership is transferred, it is a case of partial privatisation with private sector majority-ownership of shares. In this situation, the private sector can claim to possess substantial autonomy in its functioning.
(iii) Deficit Privatisation/Token Privatisation When the government disinvests its shares to the extent of 5 to 10 % to meet the deficit in the budget, this is termed as deficit privatisation. This is also referred to as token privatisation.