Which of the following is Disinvestment?

1
Globalisation of the public sector undertakings by selling off the part of the equity of PSUs to the public is known as disinvestment.
2
Privatisation of the public sector undertakings by selling off the part of the equity of PSUs to the public is known as disinvestment.
3
Liberalisation of the public sector undertakings by selling off the part of the equity of PSUs to the public is known as disinvestment.
4
Liberalisation of the private sector undertakings by selling off the part of the equity of PSUs to the public is known as disinvestment. 

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