Centre may raise about ₹10,000 crore in FY25 divestment, largely from OFS route
2 weeks, 3 days ago

Centre may raise about ₹10,000 crore in FY25 divestment, largely from OFS route

Live Mint  

New Delhi: The government is likely to raise about ₹10,000 crore from divestment proceeds in FY25, with a large bulk coming from the Offer for Sale route, two people aware of the matter said. "It is reasonable to expect about ₹9,000crore- ₹10,000 crore from divestment proceeds during 2024-25," the second person mentioned above said, requesting anonymity. During January 2024, Mint reported that there were as many as eight strategic disinvestment plans at various stages, which included selling the government's stake in the IDBI Bank Ltd, BEML Ltd, Shipping Corp. of India Ltd, HLL Lifecare Ltd, Projects & Development India Ltd, Indian Medicines Pharmaceutical Corp. Ltd and Ferro Scrap Nigam Ltd. Candidates for divestment next fiscal could also include certain subsidiaries of AI Assets Holding Ltd. "Disinvestment and asset monetization are continuous processes, with execution and completion dependent on factors like market conditions, economic outlook, geopolitical factors, and investor interest, among others," the second person mentioned above said.

India Disinvestment Crore Centre Person Divestment Ofs Ofs Route  fiscal  fy25  proceeds  route  largely  centre  india  ofs  10000  raise  public  divestment  crore  person  disinvestment  mentioned

History of this topic

Budget: Govt pegs divestment, asset monetisation proceeds at ₹47,000 cr; raises PSU dividend target to ₹69,000 cr
1 month, 2 weeks ago

Budget: Govt pegs divestment, asset monetisation proceeds at ₹47,000 cr; raises PSU dividend target to ₹69,000 cr

Live Mint  

The government expects to bring in ₹47,000 crore through disinvestment and asset monetisation in FY26, which is lower than the ₹50,000 crore it expects to get in FY25, according to estimates in the Budget documents. The lower estimate of FY26 compared with FY25 underscores the government’s approach of taking a limited number of assets to the market for strategic disinvestment …

FPI inflows into Indian equities drop sharply in 2024; rebound anticipated in 2025
2 months, 3 weeks ago

FPI inflows into Indian equities drop sharply in 2024; rebound anticipated in 2025

Live Mint  

New Delhi, Dec 25 After a robust 2023, foreign investors significantly scaled back their investments in Indian equities in 2024, with net inflows amounting to over ₹5,000 crore, as elevated domestic valuations, coupled with geopolitical uncertainties prompted investors to adopt a more cautious stance. As of now, foreign portfolio investors have made a net investment of over ₹5,052 crore in …

Centre Has Released Rs 10.36 Lakh Crore Till Dec in FY25
3 months ago

Centre Has Released Rs 10.36 Lakh Crore Till Dec in FY25

Deccan Chronicle  

Chennai: The Centre has released a total of Rs 10.36 lakh crore to the states till December. In FY24, the total funds released by the Centre was Rs 13.88 lakh crore of which Rs 11.29 lakh crore was the states’ share in the tax revenues. Finance Commission transfers, which includes Revenue Deficit Grants, accounted for Rs 1.49 lakh crore and …

Centre receives ₹8,625 crore as disinvestment receipts so far in 2024-25
3 months ago

Centre receives ₹8,625 crore as disinvestment receipts so far in 2024-25

Live Mint  

New Delhi, December 16 : The government has realised ₹8,625 crore through various minority stake sale disinvestments so far during the current financial year 2024-25, MoS Finance Pankaj Chaudhary informed Lok Sabha on Monday in a written reply. 8,625 crore through various minority stake sale disinvestment transactions during the current financial year," the minister said in his written reply in …

Centre eyes 95% of undershot capex target for FY25: Ajay Seth
4 months ago

Centre eyes 95% of undershot capex target for FY25: Ajay Seth

Live Mint  

New Delhi: The government’s capital expenditure for FY2025 is projected to align closely with last year’s spending, at around 95% of the allocated target, though the target itself may be undershot, Ajay Seth, secretary of the department of economic affairs said on Wednesday. Last year, we spent 95% of the allotted capex, and this year it is likely to be …

Government's total liabilities rise 2.6% to ₹150.95 lakh crore in Q3 FY23: Report
1 year, 11 months ago

Government's total liabilities rise 2.6% to ₹150.95 lakh crore in Q3 FY23: Report

The Hindu  

The government's total liabilities rose to ₹150.95 lakh crore in December quarter from ₹147.19 lakh crore in the three months ended September 2022, according to the latest public debt management report. In absolute terms, the total liabilities, including liabilities under the 'Public Account' of the government, jumped to ₹1,50,95,970.8 crore at the end of December 2022. The report released by …

Centre plans buybacks, OFS in PSUs for FY23 goal
2 years, 1 month ago

Centre plans buybacks, OFS in PSUs for FY23 goal

Live Mint  

The government is looking at buybacks and offer-for-sale of central public sector enterprises as potential options to meet the current year’s disinvestment target as uncertain market conditions and legal hurdles pose challenges to ongoing privatization transactions. Mint had reported earlier that the government was forced to abandon the strategic sales of Pawan Hans Ltd and Central Electronics Ltd after several …

Centre committed to disinvestment, asset monetisation: Finance Minister Nirmala Sitharaman
2 years, 1 month ago

Centre committed to disinvestment, asset monetisation: Finance Minister Nirmala Sitharaman

Firstpost  

New Delhi: Finance Minister Nirmala Sitharaman on Friday said that Prime Minister Narendra Modi-led Central government is committed to privatisation and will move forward with disinvestment and asset monetisation plans, especially where Cabinet approvals are in place. Asked about the reason why disinvestment and asset monetisation were omitted from the Union Budget, Sitharaman, in an exclusive interview with Network18 Group …

Centre may cut divest plans
2 years, 1 month ago

Centre may cut divest plans

Deccan Chronicle  

Mumbai: The government is learnt to have scaled down its divestment plan for loss-making public sector units in the upcoming Budget 2023 as the budgeted sell-off target of the public sector units is likely to be missed in this current fiscal for the fourth year in a row. As announced in the last year budget, the government has mega plan …

Centre gets ₹3,839 cr from Axis Bank stake sale; disinvestment kitty swells
2 years, 4 months ago

Centre gets ₹3,839 cr from Axis Bank stake sale; disinvestment kitty swells

Live Mint  

The Central Government has garnered about ₹3,839 crore from the sale of Axis Bank Ltd shares held by a government investment vehicle, the Specified Undertaking of the Unit Trust of India, the divestment secretary informed on Wednesday. "Government has received about ₹3,839 crore from the sale of Axis Bank shares held by SUUTI," the Department of Investment and Public Asset …

Stiff divestment target of Rs 2.10 lakh-cr to finance govt
5 years, 1 month ago

Stiff divestment target of Rs 2.10 lakh-cr to finance govt

Deccan Chronicle  

Mumbai: Stiffer divestment target of Rs 2.10 lakh crore, double of current fiscal year target of Rs 1.05 lakh crore and higher than even last five years divestment receipts surprised everyone. “A tall divestment target will be keenly monitored but signifies a big intent towards fiscal prudence,” said Sailesh Raj Bhan, deputy CIO — Equity Investments, Nippon India Mutual Fund. …

Government sets ₹2.1 trillion disinvestment target
5 years, 1 month ago

Government sets ₹2.1 trillion disinvestment target

Live Mint  

The Narendra Modi administration has set an ambitious ₹2.1 trillion goal for the sale of government holding in state-run companies after scaling down the target for the current fiscal ending March, hoping the work done so far will result in deals in subsequent months. The disinvestment target for FY21 includes ₹90,000 crore to be raised from an initial public offer …

FPIs remain in sell-off mode, pull out ₹9,197 crore in August so far
5 years, 7 months ago

FPIs remain in sell-off mode, pull out ₹9,197 crore in August so far

Live Mint  

New Delhi: Continuing with their selling spree, foreign investors pulled out a net amount of ₹9,197 crore in just seven trading sessions in August due to unconducive domestic and global factors. According to latest depositories data, foreign portfolio investors withdrew a net amount of ₹11,134.60 from equities while pumping in ₹1,937.54 into the debt segment during 1-9 August, taking the …

India Inc may see ₹3.9 trillion share sales on public float rule shift
5 years, 8 months ago

India Inc may see ₹3.9 trillion share sales on public float rule shift

Live Mint  

Singapore/Mumbai: Tata Consultancy Services Ltd. and Hindustan Unilever Ltd. are among at least 100 Indian companies that may need to sell shares worth billions of dollars after the government proposed to raise the minimum public shareholding. Companies must increase shares held by the public to a minimum 35% from 25% at present, Finance Minister Nirmala Sitharaman said in her maiden …

Disinvestment exceeds target at ₹85,000 crore: FM
5 years, 11 months ago

Disinvestment exceeds target at ₹85,000 crore: FM

Live Mint  

New Delhi: The centre has exceeded its disinvestment target for the fiscal year 2018-19, finance minister Arun Jaitley said on Friday. “As against a target of ₹80,000 crore for disinvestment for the current year, the divestment receipts have touched ₹85,000 crore today,” Jaitley said in a tweet. In the fiscal year 2017-18, the government had exceeded the target of ₹1 …

Fund raising via NCDs surges 3-fold to ₹29,300 crore in 2018
6 years, 2 months ago

Fund raising via NCDs surges 3-fold to ₹29,300 crore in 2018

Live Mint  

New Delhi: Indian companies raised over ₹ 29,300 crore by issuing non-convertible debentures to retail investors in 2018 to meet their business requirements, representing a three-fold surge compare to the preceding year. “Lack of corporate lending appetite by PSU banks combined with attractive yields in the corporate bond markets over bank rates appear to motivate corporates to shift towards market …

Fundraising via NCD surges three-fold to Rs 29,300 crore in 2018 as higher yields in corporate bond markets woo firms
6 years, 2 months ago

Fundraising via NCD surges three-fold to Rs 29,300 crore in 2018 as higher yields in corporate bond markets woo firms

Firstpost  

The companies raised money for funding expansion plans, retiring debt, supporting working capital requirements and other general corporate purposes. New Delhi: Indian companies raised over Rs 29,300 crore by issuing non-convertible debentures to retail investors in 2018 to meet their business requirements, representing a three-fold surge compare to the preceding year. “Lack of corporate lending appetite by public sector banks …

Centre strategises disinvestment plan for 22 PSUs
8 years, 5 months ago

Centre strategises disinvestment plan for 22 PSUs

India TV News  

In a bid to achieve a full-year disinvestment target of Rs 56,500 crore, Modi government has prepared a plan for disposal of controlling stakes in 22 listed and unlisted companies. According to a report in The Economic Times,large state-run companies such as Container Corporation of India, Bharat Earthmovers, as many as three plants of the Steel Authority of India and …

Govt plans to double disinvestment proceeds for next fiscal | India TV News
10 years ago

Govt plans to double disinvestment proceeds for next fiscal | India TV News

India TV News  

New Delhi: The government yesterday proposed raising Rs 69,500 crore from disinvestment and strategic sale in state-owned companies. Of the total budgeted proceeds, Rs 41,000 crore is estimated to come from minority stake sale in PSUs, and the remaining Rs 28,500 crore is projected to come from strategic sale in both profit and loss-making companies. The revised estimates have pegged …

Centre plans to sell stake in five public entities
11 years, 6 months ago

Centre plans to sell stake in five public entities

Firstpost  

The disinvestment target for the current fiscal has been fixed at Rs 40,000 crore. New Delhi: The government plans to offload 5-10 percent stake in five companies, including IOC, Engineers India and BHEL, to achieve disinvestment target of Rs 40,000 crore in the current fiscal. Minister of State for Finance JD Seelam in a written reply to the Lok Sabha, …

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