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The upcoming 2017-18 Union Budget may announce a much higher disinvestment target, compared to the current financial year, as the Centre looks to maximise revenue opportunities to fund a number of likely populist announcements.
In the coming financial year, the focus will be on more strategic sales and initial public offerings of state-owned companies and their subsidiaries. A big chunk of the stake that the Centre holds in Axis Bank, Larsen & Toubro (L&T) and ITC through Specified Undertaking of Unit Trust of India (Suuti) may be sold next financial year, Business Standard has learnt from government sources.
In the coming financial year, the focus will be on more strategic sales and initial public offerings of state-owned companies and their subsidiaries. A big chunk of the stake that the Centre holds in Axis Bank, Larsen & Toubro (L&T) and ITC through Specified Undertaking of Unit Trust of India (Suuti) may be sold next financial year, Business Standard has learnt from government sources.
