Budget 2024: Another Bad Year For Disinvestment
Collections still below estimates
Collections still below estimates
In his resignation, he also claimed that there is huge disconnect of the Congress party from the ground realities.
NDA government and Congress report cards on economy skip uncomfortable truths. Both are aimed at scoring points ahead of general elections.
Not only is full disclosure of disinvestment not available in public, no account exists to tell its impact, challenges and future course, let alone course corrections.
Against a disinvestment target of ₹51,000 crore, realisation has been just ₹15,000 crore
The government, which owns 89.97% stake in HAL, will sell 3.5% equity shares in the aerospace company at a floor price of ₹2,450 apiece.
The floor price for the OFS has been fixed at ₹2,450 per share, a discount of 6.7% to Wednesday’s closing price.
SEBI has given nod to reclassification of the government’s shareholding in IDBI Bank as ‘public’ post its stake sale in the lender.
The government is likely to soon invite financial bids for strategic disinvestment of BEML and Shipping Corporation of India (SCI)
Tata Steel has completed the acquisition of 93.71% stake in Neelachal Ispat Nigam through its subsidiary, Tata Steel Long Products.