News digest: Disinvestment target, Wadia case, hurdle for NBFCs, and more

Senior government sources said buybacks by public sector units could get the exchequer between Rs 120 billion and Rs 150 billion

Disinvestment target to be crossed: Govt

The government is confident of crossing the disinvestment target of Rs 800 billion for the financial year 2018-19 (FY19). “We may even go up to Rs 850 billion,” said an official in the know. Read more

Valuation hurdle for NBFCs

Initial public offerings (IPOs) of non-banking finance companies (NBFCs) will find market headwinds a hindrance to their valuations even as a big question mark hangs over investments in excess of $2 billion made by private equity (PE) and venture capital (VC) funds in them over the past three years. Read more

Govt