New Delhi: The government may be keen on divesting its stake in Air India and its subsidiaries in the current financial year (FY20), but the expressions of interest (EoIs) sought for the carrier towards the end of FY19 failed to evoke any response.
The FY19 ended with the Department of Investment and Public Asset Management (DIPAM) garnering Rs 5,000 crore over and above the disinvestment target of Rs 80,000 crore, mainly on the back of Power Finance Corporation-REC deal, public sector undertakings (PSU) shares buybacks, proceeds of enemy property and exchange-traded funds (ETFs).
If the Air India sell-off doesn't move even in FY20, there could be more ETFs in this financial year as well.
In an internal note on FY19's performance, the DIPAM has given out a status report on implementation.
On announcements that don't specifically belong to FY19 and date to earlier financial years as well, the note said, "The government has approved listing of 14 central public sector enterprises (CPSEs), including two insurance companies, on the stock exchanges."
14/05/19 IANS/Business Standard
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The FY19 ended with the Department of Investment and Public Asset Management (DIPAM) garnering Rs 5,000 crore over and above the disinvestment target of Rs 80,000 crore, mainly on the back of Power Finance Corporation-REC deal, public sector undertakings (PSU) shares buybacks, proceeds of enemy property and exchange-traded funds (ETFs).
If the Air India sell-off doesn't move even in FY20, there could be more ETFs in this financial year as well.
In an internal note on FY19's performance, the DIPAM has given out a status report on implementation.
On announcements that don't specifically belong to FY19 and date to earlier financial years as well, the note said, "The government has approved listing of 14 central public sector enterprises (CPSEs), including two insurance companies, on the stock exchanges."
14/05/19 IANS/Business Standard
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