Govt raises Rs. 4 lakh cr via disinvestment
Strategic sales in 10 cos including Air India, yielded Rs69,412 cr to the exchequer in 8 yrs
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New Delhi: The government raised over Rs4.04 lakh crore through disinvestment and strategic sale of public-sector enterprises (PSEs) since the Modi government came into power in 2014, the Finance Ministry said on Tuesday.
Of this, the largest amount totalling over Rs1.07 lakh crore through offer for sale in 59 cases. This was followed by a stake sale through Exchange-Traded Fund (ETF) in 10 tranches, aggregating to Rs98,949 crore. Strategic sales in 10 companies, including Air India, yielded Rs69,412 crore to the exchequer in the last 8 years. Share buyback in 45 cases fetched Rs45,104 crore.
17 CPSEs were listed since 2014-15, which yielded Rs50,386 crore. Of this, the initial public offering (IPO) of LIC alone fetched the government Rs20,516 crore. The additional market capitalisation of Rs7.31 lakh crore was achieved through new listings, the ministry said. Besides, the government has sold its residual stake in Paradeep Phosphate Ltd, IPCL, and Tata Communication for Rs472 crore, Rs219 crore and Rs8,847 crore, respectively.
