You are here: Home » Economy & Policy » Q&A
Business Standard

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

Topics
Dipam | PSU Disinvestment | privatisation

Nikunj Ohri  |  New Delhi 



disinvestment, equity, firms, IBC

ALSO READ

Must consider shareholder interests: DIPAM secretary Tuhin Kanta Pandey

Ground-handling arm of Air India to be monetised first: DIPAM Secy

Govt has settled Rs 61,000 cr debt, liabilities of Air India: DIPAM Secy

Market wrap: Sensex falls for a second day; Nifty ends below 17,900

Govt aims to privatise 5-6 PSUs in FY22, LIC IPO expected by Q4: DIPAM Secy

  • Q1: What is going to be the government’s priority for divest in the current fiscal year? 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)
    • 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 mandate over the next 20 yrs time

    Watch video


    Subscribe to Business Standard Premium

    Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

    Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

    Download the Business Standard App for latest Business News and Market News .

    First Published: Fri, February 04 2022. 08:30 IST
    RECOMMENDED FOR YOU

    .