INSUBCONTINENT EXCLUSIVE:
"During the current financial year 2019-20 so far Rs 12,357.49 crore has been obtained through disinvestment transactions," according to the
Department of Investment and Public Asset Management (DIPAM).Last fiscal year, the government had realised Rs 84,972.16 crore as
disinvestment proceeds against the Budget estimate of Rs 80,000 crore during the financial year 2018-19
It means DIPAM has to mop up Rs 92,642.51 crore in the next eight months.The government is planning to list 10 more central public sector
enterprises (CPSE) and go ahead with strategic sale in a bid to achieve the ambitious disinvestment target of Rs 1.05 lakh crore in the
current fiscal year, former DIPAM Secretary Atanu Chakarborthy had said.Privatisation of Air India is also slated this fiscal year and also
a host of strategic sales
The number of listed CPSEs is 59.The government is also betting big on the exchange traded funds (ETFs) to reach to the higher sell-off
target of Rs 1.05 lakh crore
Recently CPSE ETF Further Funds Offer 5 (FFO) clocked highest-ever retail participation and the offer was oversubscribed by five times.The
government had said that the offer was oversubscribed by five times and the government received subscription amount of more than Rs 40,000
crore as against the base issue size of Rs 8,000 crore.The government exercised green shoe option, taking offer size to Rs 11,500 crore," Mr
Chakraborty had said.Earlier in the fiscal year, the enemy property sale had fetched government Rs 1,874 crore and RVNL -- a Railways arm --
had got Rs 466 crore to the DIPAM through IPO.Get Breaking news, live coverage, and Latest News from India and around the world on
TheIndianSubcontinent.com
Catch all the Live TV action on TheIndianSubcontinent 24x7 and TheIndianSubcontinent India
Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.
