Jhunjhunwala ready to help govt with divestment roadmap

Ace market investor, Rakesh Jhunjhunwala is miffed with the government’s divestment plans and offers help to come with a roadmap even if it means he would have to stay away from investing in public sector stocks.He said: “Where I can surely contribute I think is if the government wants me to advice them on disinvestment. I think the government of India’s programme is run on an absolute haphazard basis – in December you say issue is coming in January, the moment you announce the issue it goes down by 10%, just because some company is salable you are selling it. There are various people from various ministries giving various rumours. It should be three year plan. Why should we not list LIC? China raised USD 15, 20 billion dollars in 2003-2004. Why should we not sell all these good undertakings 25, 26% and get USD 20, 30 million?"