Next target Rs.90,000 crore

The government has collected Rs.85,000 crore from disinvestment current fiscal year, Rs.5,000 crore above target and the second highest after more than Rs.1 lakh crore in fiscal year 2017-18.

It has set a disinvestment target of Rs.90,000 crore for the next fiscal year 2019-20.

“The divestment receipts have touched Rs 85,000 crores today,” Finance Minister Arun Jaitley tweeted on 22 Mar 2019, up on a target of Rs.80,000 crore.

The government raised Rs.9,500 crore from the fifth tranche of CPSE ETF and Rs.14,500 crore from the sale of 52.63% REC Ltd, formerly Rural Electrification Corp, to Power Finance Corp Ltd.

It has also taken Rs.10,000 crore from the fifth tranche of the Central Public Sector Enterprise Exchange Traded Fund (CPSE ETF). CPSE ETF has yielded Rs.27,000 crore through two tranches.

The Department of Investment and Public Asset Management has collected proceeds through 28 transactions. fiinews.com