Disinvestment Target
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All Stories for Disinvestment Target
Govt sells 'enemy properties' worth Rs 1,874 cr in April; fast-tracks sale process to meet Rs 90,000-cr disinvestment target
•Enemy property refers to the assets left behind by people who migrated to Pakistan or China and are no longer citizens of India
First-ever sale of 'enemy shares'; buyback by CPSEs yield over Rs 11,300 cr to exchequer in FY19
•Enemy property refers to the assets left behind by people who migrated to Pakistan or China and are no longer citizens of India.
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.
Bharat-22 ETF additional sale on 14 February, govt to raise Rs 3,500 cr; proceeds to help govt meet divestment target
•So far, the government has mopped up approximately Rs 36,000 crore by paring minority stake in public sector companies, and through ETFs.
Finance ministry banking on CPSE acquisitions, buybacks to meet FY19 disinvestment target
•The Finance Ministry is banking on merger and acquisitions among CPSEs and share buybacks by state-run companies to meet the Rs 80,000-crore disinvestment target for the current fiscal.
Govt to sell 7% stake in Hindustan Copper; aims to raise about Rs 400 cr
•The sale is part of governments disinvestment plan, wherein it aims to raise Rs 56,500 crore in 2016-17