Govt mops up Rs 32,835 cr from disinvestment in FY21, exceeds RE goal

Govt mops up Rs 32,835 cr from disinvestment in FY21, exceeds RE goal


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 has accrued by promoting stakes in corporations held through SUUTI.


For 2021-22 fiscal starting April 1, the federal government has set a disinvestment goal of Rs 1.75 lakh crore, over 5 instances what it raised within the present monetary 12 months.


Whereas the nation’s largest insurer LIC’s IPO is within the pipeline for subsequent fiscal, privatisation of IDBI Financial institution too is probably going subsequent fiscal.


The method of privatisation of Air India, BPCL, Pawan Hans, BEML, NINL and Delivery Corp has additionally moved to the second stage after the federal government obtained a number of expressions of curiosity for these CPSEs.

(Solely the headline and movie of this report might have been reworked by the Enterprise Customary employees; the remainder of the content material is auto-generated from a syndicated feed.)

Pricey Reader,

Enterprise Customary has all the time strived onerous to supply up-to-date info and commentary on developments which are of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these troublesome instances arising out of Covid-19, we proceed to stay dedicated to conserving you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.

We, nonetheless, have a request.

As we battle the financial impression of the pandemic, we want your assist much more, in order that we will proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from lots of you, who’ve subscribed to our on-line content material. Extra subscription to our on-line content material can solely assist us obtain the objectives of providing you even higher and extra related content material. We imagine in free, truthful and credible journalism. Your assist by extra subscriptions might help us practise the journalism to which we’re dedicated.

Assist high quality journalism and subscribe to Enterprise Customary.

Digital Editor


https://www.business-standard.com/article/economy-policy/govt-mops-up-rs-32-835-cr-from-disinvestment-in-fy21-exceeds-re-target-121033100804_1.html