PSUs
Govt feels BPCL to garner bulk of proceeds for Rs 1.05 tn disinvestment targets
By IndianMandarins- 07 Dec 2019
662The
government trying to meet the target of Rs 1.05 trillion by disinvestment to
infuse liquidity into the market to perk it up is confident of achieving it in
2019-20 financial year even without the Air India sale this year. It
is learnt from the top government sources that the central government is open
to the idea of deferring Air India’s stake sale for the next financial year due
to some issues within the government career. However, the disinvestment of
Bharat Petroleum Corporation (BPCL) is likely to be completed before March 31,
2020 and it will form the bulk of the proceeds. There
are certain complexities involving the Air India privatisation proposal,
including the increasing debt that the aviation company, so its disinvestment
will go for next financial year.
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Govt feels BPCL to garner bulk of proceeds for Rs 1.05 tn disinvestment targets
By IndianMandarins - 2019-12-07 11:46:00
The government trying to meet the target of Rs 1.05 trillion by disinvestment to infuse liquidity into the market to perk it up is confident of achieving it in 2019-20 financial year even without the Air India sale this year.
It is learnt from the top government sources that the central government is open to the idea of deferring Air India’s stake sale for the next financial year due to some issues within the government career. However, the disinvestment of Bharat Petroleum Corporation (BPCL) is likely to be completed before March 31, 2020 and it will form the bulk of the proceeds.
There are certain complexities involving the Air India privatisation proposal, including the increasing debt that the aviation company, so its disinvestment will go for next financial year.
