Government's Sell-off Yield At Rs 12,995 Crore, Target Rs 1.05 Lakh Crore

INSUBCONTINENT EXCLUSIVE:
currently stand at Rs 12,995.46 crore with the inclusion of Rs 637.97 crore realised from the initial public offer (IPO) of Indian Railway
catering arm IRCTC, according to Department of Investment and Public Asset Management (Dipam) data.During the current financial year
2019-20, Rs 12,995.46 crore have been obtained by the exchequer through disinvestment transactions so far
among debut listing companies this year, closed trade on the BSE on Friday Rs 874 a share
It now commands a market capitalisation Rs 14,000 crore crore as against a valuation of Rs 5,120 crore ($721 million) it sought through the
public offering.The government's disinvestment target for the current fiscal is Rs 1.05 lakh crore
It is looking to divest up to 25 per cent stake in another railway subsidiary - RailTel Corporation - through an IPO, and, according to
sources here, this will hit the market around mid-January 2020.Although a very small amount has been generated so far through divestments,
market analysts believe the sale of the government's 53.29 per cent stake in BPCL could alone fetch at least Rs 57,000 crore, or 53.5 per
ConCor (30 per cent), NEEPCO (100 per cent) and THDC (75 per cent) could be about Rs 84,000 crore at current prices.However, all strategic
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.