Finance ministry banking on CPSE acquisitions, buybacks to meet FY19 disinvestment target
FirstpostThe Finance Ministry is banking on merger and acquisitions among CPSEs and share buybacks by state-run companies to meet the Rs 80,000-crore disinvestment target for the current fiscal. New Delhi: The Finance Ministry is banking on merger and acquisitions among CPSEs and share buybacks by state-run companies to meet the Rs 80,000-crore disinvestment target for the current fiscal. A Finance Ministry official said there are liquidity constraints in the market for the past 3-4 months and such conditions would persist till there are uncertainties in global markets and crude prices remain volatile. Besides, the Finance Ministry has also shortlisted about a dozen Central Public Sector Enterprises, including Coal India, NTPC, Nalco and NMDC, for a possible buyback of shares in the ongoing financial year.