Disinvestment

The government has pushed the pedal on its disinvestment and asset monetisation plan in the current fiscal, raising about 31 per cent of its full-year budgeted target in the first quarter itself. Recording the fastest pace of disinvestment ever in the first quarter of any fiscal, the period between mid-May and June this year saw one offer for sale from the government every week for disinvestment of public sector enterprises. Faced with the stress of increased expenditure on subsidy due to a higher import bill, the government is making all-round efforts to garner revenues, especially from the non-tax side. Over the past six weeks, offer for sale (OFS) of six public sector enterprises hit the capital markets wherein the government garnered a cumulative Rs 18,561 crore. The six entities are Central Bank of India, Coal India, NHPC, NLC India, GIC and IRFC. Separately, Rs 6,367 crore has come from asset monetisation under the Infrastructure Investment Trust (InvIT). As against the ful

The government raised ₹18,560 crore ($2 billion) by trimming its holdings in six companies in the three months through June, marking its largest such quarterly haul in recent years

Government disinvestment receipts have crossed ₹18,000 crore in FY27's first quarter, already surpassing the total stake-sale proceeds of FY26

Tamil Nadu Chief Minister C Joseph Vijay on Thursday strongly opposed the Union Government's decision toDisinvest from NLC. "I write to convey the Government of Tamil Nadu's deep concern regarding the decision of the Government of India to disinvest in Neyveli Lignite Corporation India Limited (NLC) through an offer for sale of up to three per cent of the paid-up equity, comprising a base offer of two per cent and an additional one per cent green-shoe option, as notified," Vijay said in a letter to the Prime Minister Narendra Modi. Stating that the Tamil Nadu government will strongly oppose any further dilution of the Central Government equity in NLC, he said, "This issue is of special significance to Tamil Nadu, as NLC India is intrinsically linked to the State through its origin, growth and continuing operations". "The State, therefore, has a legitimate and enduring stake in the future of this strategically important public sector undertaking", he said, adding, "Tamil Nadu ...

As part of the stake-sale drive, an OFS in LIC is also likely to be launched "very soon"

The government will sell up to 2 per cent stake in Indian Railway Finance Corporation (IRFC) through an offer for sale starting Wednesday. In a post on X, Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said the government offers to disinvest 1 per cent equity in the IRFC along with an additional 1 per cent as a green shoe option. The government has not yet disclosed the floor price for the OFS. Shares of IRFC closed at Rs 98.69, down 2.16 pc over the previous close on BSE. "Offer for Sale for Indian Railway Finance Corporation (IRFC) opens tomorrow for Non Retail investors. Retail investors can bid on Thursday," the X post said. In the current fiscal, the government has sold minority stakes in five central public sector enterprises and banks, taking the total disinvestment proceeds to Rs 16,480 crore so far.

The Centre plans to divest up to 3 per cent in NLC India through an offer for sale, while Carlsberg is preparing draft papers for a potential India listing

The government plans to offload a 10-11 per cent stake in HURL and list the fertiliser PSU in the current financial year, according to a senior official

Sitharaman says IBA committee will look into issues of distribution tieups of banks for third-party products

The government may consider selling a stake in IDBI Bank through the Offer-for-Sale (OFS) route to increase public shareholding, after the unsuccessful attempt to divest stake in the LIC-controlled lender, sources said. Currently, the public float in IDBI Bank is only 5.29 per cent, limiting the scope of fair valuation. The remaining shares are with insurance behemoth Life Insurance Corporation of India (LIC), with a controlling stake at 49.24 per cent, while the Government of India (GoI) holding stood at 45.48 per cent. Earlier this month, the proposed sale of a 60.72 per cent majority stake, held jointly by the government and the LIC, was scrapped after financial bids from two potential buyers reportedly fell short of the reserve price. Low free float restricts the scope for fair market valuation, and expanding this by 10 per cent or 15 per cent would make price discovery more reliable, sources said. It can provide a reliable benchmark for valuation and further make the price ..

The Centre may scrap the IDBI Bank stake sale after bids came below the reserve price, underscoring political and structural constraints shaping India's disinvestment strategy

The Centre plans to raise about ₹80,000 crore by diluting stakes in seven listed railway PSUs over FY27-FY30 as part of Railways' asset monetisation drive

The government has received financial bids for IDBI Bank's strategic disinvestment, a key transaction as it targets ₹80,000 crore from disinvestment and asset monetisation in FY27

Even for 2025-26, miscellaneous capital receipts were budgeted at ₹47,000 crore, but were later revised down

Budget 2026 raises the FY27 disinvestment and asset monetisation target to Rs 80,000 crore, banking on a stronger pipeline of stake sales and infrastructure monetisation despite a shortfall in FY26

Survey moots changes to Companies Act, so that CPSEs remain govt firms even with a 26% stake

The government needs money. But does it always have to raise taxes? In this episode of Budget Basics, we break down disinvestment, what it really means, how it works inside the Union Budget,

It is encouraging that the government's dependence on disinvestment receipts in managing its finances has reduced, but the instrument should not be discarded

The divestment of nearly 376,000 sq ft at Embassy Manyata is expected to boost distribution per unit and support Embassy REIT's capital recycling strategy

The consolidated Q2FY26 net profit was in line, though revenue guidance was missed due to lower-than-expected revenue from core engineering, procurement and construction (EPC)