Govt’s divestment efforts may get a ₹15,000-cr boost
Paring its stake in 21 PSUs to meet the 25% public shareholding norm can aid Centre
A resurgent stock market is offering relief and confidence to the government to meet its ambitious disinvestment target of ₹2.1 trillion for this fiscal. So far, the government is yet to reach the halfway mark of its FY21 divestment goal. However, a 27-158% rally in shares of some state-run companies since March, in line with a more than 50% rebound in benchmark indices, could boost the government’s plans.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started