Which of the following is NOT a critique of the Government's sale of Public Sector Enterprises (PSEs) by way of disinvestment?

the proceeds from disinvestment are used for the development of PSEs and building social infrastructure in the country.

Critics have pointed out that the assets of PSEs have been undervalued and sold to the private sector. This means there has been a substantial loss to the government in outright selling public assets! Moreover, the proceeds from disinvestment are used to offset the shortage of government revenues rather than using it for the development of PSEs and building social infrastructure in the country.