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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

Dipam | PSU Disinvestment | privatisation

Nikunj Ohri  |  New Delhi 

disinvestment, equity, firms, IBC


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  • 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

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