Govt Set To Hit Divestment Target For First Time As ONGC Buys 51% Stake In HPCL


Govt Set To Hit Divestment Target For First Time As ONGC Buys 51% Stake In HPCL

The government is all set to cross annual disinvestment target this fiscal for the first with ONGC buying the Centre’s entire 51 per cent stake in HPCL for Rs 36,915 crore.

Total disinvestment proceeds during the current financial year 2017-18 stood at Rs 54,337.60 crore (as on January 11, 2018).
With its stake sale in HPCL, the government’s disinvestment receipt will work out to be Rs 91,252.6 crore. Read More…

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