Criteria for Maharatna status-2

Benefits 
•Greater operational and financial autonomy .
•Boards of these PSUs can make equity investments to undertake financial joint ventures (JV) and wholly owned subsidiaries and undertake mergers and acquisitions (M&A) in India as well as abroad. ( subject  to a ceiling of 15% of net worth, and limited to Rs 5,000 crore in one project).
•The Boards can also structure and implement schemes relating to personnel as well as human resource management and training.
•Holding companies can float fresh equity, transfer assets, divest shareholding in subsidiaries.