Govt confident of crossing disinvestment target, hopes to garner Rs 850 bn

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

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.
 
At present, the total disinvestment is Rs 340 billion. Once Power Finance Corporation (PFC) buys stake in REC, as planned, the disinvestment amount for the year would be Rs 500 billion.
 
For the rest of the year, the government plans to have another follow-on public offering of its Bharat-22 exchange-traded fund (ETF), which could rake in upwards of Rs 100 billion. It also plans