‘Government may cross Rs 45.5K crore divestment target this fiscal’


‘Government may cross Rs 45.5K crore divestment target this fiscal’

The government hopes to overshoot the Rs 45,500 crore divestment target for the current fiscal amid strengthening of equity markets. Sources said the Finance Ministry cleared disinvestment in two more PSUs last week.

“The response to recent disinvestment offers has been very good. It seems the disinvestment target for the current fiscal may be exceeded,” one of the officials said.v

Another official said the stock markets are performing well and stake sale could be done at “better prices”.

According to the sources, the government may cross the disinvestment target by a few thousand crores. Read More…

Credit By : Economictimes.Indiatimes.com

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