OIL & GAS

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.

Source
Outlook
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