Modi government exceeds disinvestment target for the second time in a row, completes first-ever sale of ‘enemy shares’
5 years, 10 months ago

Modi government exceeds disinvestment target for the second time in a row, completes first-ever sale of ‘enemy shares’

Op India  

The sale of ‘enemy shares’ and the buybacks of Central Public Sector Enterprises have together generated a sum of Rs 11,300 crore for the government, thus helping the exchequer mop up Rs 85,000 crore from disinvestment in the current financial year. After the Cabinet’s go-ahead to the Department of Investment and Public Asset Management to sell such shares held in companies, in November 2018, the government has, through the first-ever sale of ‘enemy shares’, collected an amount of Rs 700 crore. In the fiscal year 2018-19, the government for the second time in a row exceeded the disinvestment target by collecting Rs 85,000 crore as against the budget estimate of Rs 80,000 crore. During the current financial year, the share sale through the Exchange Traded Funds has garnered the highest amount of Rs 45,729 crore, followed by Rs 14,500 crore acquired through government’s 52.63 per cent stake in REC by the state-owned Power Finance Corporation.

History of this topic

Centre receives ₹8,625 crore as disinvestment receipts so far in 2024-25
1 month, 1 week ago
CPSEs hold a divestment potential of Rs 11.5 lakh crore
6 months, 3 weeks ago
Centre plans buybacks, OFS in PSUs for FY23 goal
1 year, 11 months ago
Centre committed to disinvestment, asset monetisation: Finance Minister Nirmala Sitharaman
1 year, 11 months ago
Budget 2023 | No separate mention of disinvestment proceeds
1 year, 11 months ago
Union Budget 2023–24 & Public Sector: Can Government Really Boost Disinvestment?
1 year, 11 months ago
Budget 2023 | Finance Ministry to stick to privatisation of already announced CPSEs next fiscal
1 year, 11 months ago
Why govt is not sure about the BPCL stake sale this year
2 years, 7 months ago
'Govt has no business to be in business': FY23 PSU disinvestment target of Rs 65,000 crore achievable
2 years, 11 months ago
Budget 2022: FY23 disinvestment receipts pegged at Rs 65K cr; receipts for current year cut to Rs 78K cr
2 years, 11 months ago
Opinion | No dearth of privatisation critics but Centre must go ahead with PSU sale in 2022
3 years ago
Govt effectively cuts borrowing target for FY22
3 years, 4 months ago
Budget 2021: Disinvestment target for FY22 pegged at Rs 1.75 lakh crore
3 years, 11 months ago
Govt to Exit Its Holding in VSNL This Fiscal, Sell 26.12 Percent Stake
4 years ago
FM Sitharaman Pushes Large CPSEs to Meet 75% of FY21 Capex Target by Dec Against Covid Slump
4 years, 3 months ago
Govt to Go Ahead with Divestment of 23 PSUs Cleared by Cabinet, Says Nirmala Sitharaman
4 years, 6 months ago
Govt aims to reduce stake in state-run firms to minimum in FY20 to meet disinvestment target figure of Rs 1.05 lakh cr
5 years, 6 months ago
Govt exploring if it can cede control in CPSEs on case-to-case basis (LD Disinvestment)
5 years, 6 months ago
Budget hikes divestment target to Rs 1.05 lakh crore
5 years, 6 months ago
Union Budget 2019: Disinvestment is government’s preferred way to liquidate loss-making, inefficient PSUs
5 years, 7 months ago
Delayed subsidy dues see oil companies’ debt surge
5 years, 7 months ago
A $1.4 trillion India spending push tops Modi 2.0 agenda
5 years, 8 months ago
Direct tax mop-up may fall short of Rs 50,000 cr in FY'19, says finance ministry official
5 years, 9 months ago
First-ever sale of 'enemy shares'; buyback by CPSEs yield over Rs 11,300 cr to exchequer in FY19
5 years, 10 months ago
Disinvestment exceeds target at ₹85,000 crore: FM
5 years, 10 months ago
Oil India to buy back 4.45% shares for Rs 1,085 crore; govt eyes minimum Rs 5,000 crore via PSUs’ stock repurchase offers
6 years, 2 months ago
Finance ministry banking on CPSE acquisitions, buybacks to meet FY19 disinvestment target
6 years, 3 months ago
Finance ministry shortlists 11 CPSEs for share buyback in the ongoing financial year
6 years, 4 months ago
Budget 2018: Arun Jaitley reveals govt mops up Rs 1 lakh cr via divestment this year; aims Rs 80,000 cr in FY19
6 years, 11 months ago
Govt set to hit divestment goal for first time post ONGC-HPCL deal
7 years ago
Govt set to hit divestment goal first time post ONGC-HPCL Rs 36,915 cr deal
7 years ago
Modi govt unveils grand plans to spur economy, create jobs, recapitalise banks and more
7 years, 3 months ago
Despite missing disinvestment targets for 7 years, govt raises it by 60%
7 years, 11 months ago

Discover Related