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To include ONGC, SAIL FPO proceeds in FY12: Divestment Secy

The Finance Minister, in his budget speech on Monday set the divestment target for financial year 2012 at Rs 40,000 crore. This, divestment secretary Sumit Bose says is realistic. "The proceeds of two of the largest follow-on public offer—SAIL and ONGC—will be accounted for in the next fiscal," he said.

March 01, 2011 / 23:52 IST
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The Finance Minister, in his budget speech on Monday set the divestment target for financial year 2012 at Rs 40,000 crore. This, divestment secretary Sumit Bose says is realistic. "The proceeds of two of the largest follow-on public offer

TAGS: #Budget #Budget 2011 #CNBC-TV18 #divestment #Divestment Secretary #IOC #IPO - Upcoming Issues #JSVNL #National Buildings Construction Corporation #ONGC #Power Finance Corporation #Rashtriya Ispat Nigam Limited #Rashtriya Ispat Nigam Ltd #RINL #SAIL #Sumit Bose #Union Budget #union budget 2011-12
first published: Mar 1, 2011 01:57 pm

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