Economy News

Disinvestment - FY24 Target

December 29 , 2023 1013 days 1398 0

The disinvestment target for current fiscal year is again likely to be missed.
In the current fiscal, the budgeted amount is ₹51,000 crore.
But, about 20% or ₹10,049 crore only has been collected through minority stake sales via IPO (Initial Public Offering) and OFS (Offer for Sale).
The privatisation of all the CPSEs in the list and IDBI Bank are likely to move into the next financial year.
In total, there are around 11 transactions which are being processed by DIPAM (Department of Investment and Public Asset Management) currently.
Out of the around ₹4.20 lakh crore raised in the last 10 years from disinvestments, ₹3.15 lakh crore was realised from minority stake sales and Rs 69,412 crore came from strategic transactions in 10 CPSEs.