The present study deals with the review of literature available on the disinvestment policy and impact of disinvestment on selected public sector undertakings. This study includes the review of research papers, e Committee reports, which were appointed by the Govt. of India specially to take over the Disinvestment process and well reputed Journals with some books. The paper is divided into four different parts i.e.Review of Research paper, Review of Books, Review of Committees and Review of Journals.