Ravi Mathur, disinvestment secretary, GoI, says that as per the action plan for this financial year, the government will try to complete planned divestments before the end of the financial year.
The big daddy of divestment – NTPC will hit the market on February 7, Thursday. The government is divesting 9.5% stake to raise Rs 12,000 cr via the offer for sale route. The floor price will be disclosed tomorrow.
The Finance Ministry today said it expects over Rs 27,000 crore from stake sale in PSUs, short of the disinvestment target of Rs 30,000 crore for the current fiscal.
The government today said it expects to come out with first public offer as part of Rs 30,000 crore disinvestment programme next month.
In an interview to CNBC-TV18, Mohammad Haleem Khan, Disinvestment Secretary said, Oil and Natural Gas Corporation's follow-on public offer (FPO) will be reviewed after a fortnight. According to him, BHEL FPO may happen before ONGC FPO.