After the ONGC fiasco, the government is looking to dissolve Specified Undertaking of The Unit Trust of India (SUUTI) to meet divestment target for FY13. Former finance secretary S Narayan believes achieving the divestment target of Rs 30,000 crore is possible.
However, he suggests before coming up with any issue government should time the market properly, be careful about pricing the issue and aggressively market it, so that there is guaranteed purchase before the issue opens.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
