How govt can achieve its disinvestment mission
Sale of direct and indirect stakes up to 51% equals 1-2 years of selloff targets
Oct 22, 2019, 08.15 AM IST
The government can raise about Rs 1.1 lakh crore by selling its direct holding above 51% in listed non-financial PSUs or about Rs 2.5 lakh crore by selling its direct and indirect holding including stakes of LIC and other PSUs above 51% in listed nonfinancial PSUs, according to a data compiled by Kotak Institutional Equities. The amounts are equivalent to 1-2 years of divestment targets. Thus, the government may have to consider outright privatisation of PSUs in the nottoo-distant future, said the report.
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