DIPAM Secretary on the disinvestment road map
Soon after Finance Minister Nirmala Sitharaman's Budget 2022 presentation, Business Standard caught up with DIPAM Secretary Tuhin Kanta Pandey for a perspective of the govt's disinvestment road map
Nikunj Ohri New Delhi
 "disinvestment, equity, firms, IBC")
Ans:
- IPO of Life Insurance Corporation (LIC) is govt’s priority in the current fiscal
- LIC IPO is going to be the largest in the history of the Indian stock market
- Plan to complete sale of Neelachal Ispat Nigam Limited (NINL)
- Privatisation of Bharat Earth Movers Limited (BEML), Shipping Corporation of India (SCI) and Bharat Petroleum Corporation Limited (BPCL) would be taken forward
Q2: What’s going to be the priority for next year? You have a conservative target of Rs 65,000 cr for next year. What are you looking to divest and privatise?
Ans:
- Govt has rationalised its accounting targets
- While targets are in accounting terms, many disinvestment receipts do not reach the govt at the end of transactions, instead as dividends
- The philosophy: Divestment of minority stake at the opportune time
- Govt aims to conclude its privatisation mandate over the next 20 yrs time
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First Published: Feb 04 2022 | 8:30 AM IST
