We look at divestment as overall value strategy: DIPAM Secretary
CPSEs dividends and disinvestment receipts combined to approximately ₹80,000 crore
CPSEs dividends and disinvestment receipts combined to approximately ₹80,000 crore
The central government and LIC together plan to sell 60.72% of shares in IDBI Bank.
The equity shares will be credited to demat accounts of successful bidders before May 17, says DIPAM secretary Tuhin Kanta Pandey.
The value excludes the government stake in public sector banks where stake sale has not begun yet.
The monetisation agenda has been led by the roads sector, followed by power and mining.
Quashing rumours of a delay, DIPAM secretary Tuhin Kanta Pandey reiterated that plan is on course for the LIC IPO in the last quarter of this fiscal.