Govt. to disinvest stakes in some PSUs by March end

vibrant-gujarat-summit-govt-to-sell-stake-in-more-than-1-psu-by-march-end-says-jaitley (1)

Finance Minister Arun Jaitley Monday  said, the divestment programme would be pursued on priority and involve more than one PSU during current fiscal. The comments follow media reports that the government is looking to sell 10 per cent stake in Coal India to raise Rs 24,000 crore.

While terming the reports as speculative, Jaitley told reporters on the sidelines of the Vibrant Gujarat Summit at Gandhinagar that the government will sell part of its stake in more than one public sector company before March-end.

He, however, did not name the firms where the government is looking at divesting its stake.
The government has realized Rs 1,715 crore from disinvestment proceeds so far in the current fiscal 2014-15,for which it had set a target of Rs 43,425 crore from sale of its shares in listed companies.

Leave a Reply

Your email address will not be published. Required fields are marked *