The federal government has mopped up Rs 32,835 crore from CPSE share sale and buybacks, thus exceeding the disinvestment goal set within the revised estimates (RE) for present fiscal.
The realisation is, nonetheless, decrease than the file Rs 2.10 lakh crore initially budgeted. Within the RE, the goal was scaled right down to Rs 32,000 crore as COVID-19 pandemic delayed deliberate huge ticket disinvestments.
Within the present monetary 12 months, the federal government has bought its stake through seven provide on the market (OFS) transactions and likewise tendered shares in buyback choices by an analogous variety of CPSEs.
The seven OFS transactions, which embody promoting its stake in Tata Communications Ltd (erstwhile VSNL), has cumulatively netted Rs 22,973 crore to the exchequer within the present fiscal.
By means of tendering its shares in share buybacks by seven CPSEs, the federal government has garnered Rs 3,936 crore this fiscal which ends on March 31.
Additionally, three CPSEs RailTel, IRFC and Mazagon Dock Shipbuilders have been listed on the bourses and their preliminary public choices (IPO) fetched Rs 2,802 crore.
Apart from, Rs 3,125 crore