74% companies plan to divest non-core assets in 24 months: EY India survey

Survey highlights that a key challenge faced by CEOs today is identifying the right time to divest assets as 70% of surveyed firms said they held on to assets for too long

The continuing effects of the Covid-19 pandemic are providing an impetus to companies to focus on divesting non-core assets, with 74 per cent of the surveyed companies planning to divest in the next 24-months, says the EY India Corporate Divestment Study 2021.

The survey highlights that one of the biggest challenges faced by CEOs today is identifying the right time to divest assets as 70 per cent of surveyed companies said that they held on to assets for too long.

Companies acknowledge the importance of divestments as it allows them to focus on long term value opportunities in the core