Govt exceeds disinvestment target this financial year, proceeds touch Rs 85,000 cr: Arun Jaitley
For next fiscal the disinvestment target has been fixed at Rs 90,000 crore.
The government has mopped up Rs 9,500 crore from the fifth tranche of CPSE ETF
For next fiscal, the disinvestment target has been fixed at Rs 90,000 crore
New Delhi: The government on Friday said that it has exceeded its disinvestment target for the current fiscal by Rs 5,000 crore and the proceeds have touched Rs 85,000 crore.
"As against a target of Rs 80,000 crore for disinvestment for the current year, the divestment receipts have touched Rs 85,000 crores today," Finance Minister Arun Jaitley tweeted.
The government has mopped up Rs 9,500 crore from the fifth tranche of CPSE ETF and Rs 14,500 crore from the REC-PFC deal.
For next fiscal, the disinvestment target has been fixed at Rs 90,000 crore.
The bad bank or NARCL will pay up to 15 percent of the agreed value for the loans in cash and the remaining 85 percent would be government-guaranteed security receipts
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