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Disinvestment - FY24 Target
December 29 , 2023
202 days
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- The disinvestment target for current fiscal year is again likely to be missed.
- In the current fiscal, the budgeted amount is ₹51,000 crore.
- But, about 20% or ₹10,049 crore only has been collected through minority stake sales via IPO (Initial Public Offering) and OFS (Offer for Sale).
- The privatisation of all the CPSEs in the list and IDBI Bank are likely to move into the next financial year.
- In total, there are around 11 transactions which are being processed by DIPAM (Department of Investment and Public Asset Management) currently.
- Out of the around ₹4.20 lakh crore raised in the last 10 years from disinvestments, ₹3.15 lakh crore was realised from minority stake sales and Rs 69,412 crore came from strategic transactions in 10 CPSEs.
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