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
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
IDBI Bank stock has gained 13 per cent in February so far after the Union Budget rekindled hopes of disinvestment. Bonanza technical analyst expects the stock to target ₹125 - ₹130 in the near-term.
The finance ministry is likely to provide private data room access to potential bidders of IDBI Bank as soon as next week after it received a fit and proper nod for three suitors from the RBI.
SBI news: Union Finance Minister Nirmala Sitharaman has reportedly said the government is open to the idea of disinvestment of equity stake in blue-chip public sector undertakings, including SBI
The rally in PSU pack thus far in CY22 was mostly led by stocks from the banking and defence-related verticals, while those of oil & gas and metals & minerals did not contribute much
Talking about disinvestment plans, the minister said the government wants to sell stakein public sector companies at a time when it fetches the right price
The six PSUs are MMTC, National Mineral Development Corporation, Bharat Heavy Electrical Ltd, Odisha Mining Corporation, Odisha Investment Corporation and MECON
