Govt needs Rs 87k cr to meet disinvestment target: DIPAM

With two months to end the FY20, fiscal disinvestment proceeds have touched Rs 18,094.59 crore till Jan 9, a meagre 17.23% of the target and if this state of affairs remain till March 31, then government would miss the target by a whopping Rs 87,000 crore which is now near impossible to achieve.

The target for fiscal 20 is Rs 1.05 lakh crore.

Updated figures from DIPAM or the sell-off Ministry shows the sell-off proceeds have touched Rs 18,094.39 crore with the latest addition of RITES Offer For Sale shere government shed 10% stake fetching Rs 730.33 crore.

The other disinvestments in FY20 so far have been — Bharat 22 ETF FFO 2 (Further Funds Offer) at Rs 4,368.80 crore and IRCTC listing fetching Rs 637.97 crore. The CPSE ETF FFO-5 has mopped up Rs 10,000 crore and Rail Vikash Nigam Ltd”s IPO received Rs 475.89 crore.

In the beginning of the year, Enemy Shares sale had received Rs 1,881.21 crore.

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