You are here: Home » Economy & Policy » News
Business Standard

Govt's disinvestment proceeds touch Rs 53,558 crore in current fiscal year

The additional offering of Bharat-22 Exchange Traded Fund (ETF) garnered about Rs 10,000 crore to the exchequer

Press Trust of India  |  New Delhi 

disinvestment

The government's proceeds have touched Rs 53,558 crore so far in the current fiscal, as against the full year budget target of Rs 80,000 crore.

Last week, as much as Rs 10,000 crore came in from Bharat-22 ETF and, another Rs 5,379 crore from the sale of Specified Undertaking of (SUUTI) stake in

The government has sold as much as 3 per cent stake in held via SUUTI through an offer for sale (OFS) and raised about Rs 5,300 crore.

Besides, the additional offering of Bharat-22 Exchange Traded Fund (ETF) garnered about Rs 10,000 crore to the exchequer.

The issue got bids worth Rs 49,528 crore, with foreign investors pouring in Rs 38,000 crore and retail buyers Rs 2,000 crore.

Share buyback by (IOC) fetched Rs 2,647 crore to the kitty, while BHEL, NHPC and garnered Rs 992 crore, Rs 398 crore and Rs 137 crore, respectively.

NLC share buyback garnered Rs 990 crore, while NALCO and KIOCL got Rs 260 crore and Rs 205 crore, respectively.

Besides, strategic of HSCC fetched Rs 285 crore.

OFS of earned Rs 5,218 crore while sale of units of CPSE ETF garnered Rs 17,000 crore. Besides, sale of Bharat-22 ETF has fetched Rs 8,325 crore in June 2018.

The intial public offer (IPO) of PSUs RITES, IRCON, MIDHANI and Garden Reach Shipbuilders, fetched over Rs 1,700 crore.

The government has fixed disinvestment target of Rs 80,000 crore for the current fiscal ending March. For next fiscal, the target has been set at Rs 90,000 crore.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Sun, February 17 2019. 12:10 IST
RECOMMENDED FOR YOU