New Delhi: The federal government expects to finish sale of nationwide provider Air India within the first part of the following fiscal, Division of Funding and Public Asset Control (DIPAM) Secretary Tuhin Kanta Pandey stated on Friday.
All through an interplay with monetary sector mavens to speak about the Union Funds, Pandey additionally stated disinvestment technique has shifted from minority stake sale in public sector gadgets to strategic sale, and a large number of privatisation would occur within the subsequent fiscal.
In November, he stated the federal government determined on large price tag disinvestments whilst regarding sale of stakes in BPCL, CONCOR, and Transport Company of India.
“I feel our motion has been very swift. Even the Expression of Hobby (EoI) for Air India is within the public area… We intend to finish those transactions within the first part of economic yr 2020-21,” he stated.
14/02/20 Christopher Stern/Market Research Record
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All through an interplay with monetary sector mavens to speak about the Union Funds, Pandey additionally stated disinvestment technique has shifted from minority stake sale in public sector gadgets to strategic sale, and a large number of privatisation would occur within the subsequent fiscal.
In November, he stated the federal government determined on large price tag disinvestments whilst regarding sale of stakes in BPCL, CONCOR, and Transport Company of India.
“I feel our motion has been very swift. Even the Expression of Hobby (EoI) for Air India is within the public area… We intend to finish those transactions within the first part of economic yr 2020-21,” he stated.
14/02/20 Christopher Stern/Market Research Record
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