Disinvestment figures touch decent figures

Disinvestment figures touch decent figures

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Disinvestment figures touch decent figures

Disinvestment figures touch decent figures;
The 2009-10 Budget had estimated that disinvestment proceeds would fetch around Rs 1,120 crore.
But the government has earned Rs 4,260 crore from initial public offers of NHPC and Oil India.
* The recent follow-on public offer (FPO) of National Thermal Power Corporation (NTPC) is expected to bring the government at least Rs 8,300 crore. The other two remaining FPOs in the fiscal — Rural Electrification Corporation and NMDC — are likely to bring in another Rs 20,000 crore.
* In the five years preceding the current one, the government raised just Rs 13,287 crore from disinvestment as against Rs 28,000 crore raised by the BJP-led government in the preceding five-year period. A sum of Rs 38,795 crore was billed as disinvestment receipts in the 2007-08 Budget. This was largely on account of a book transfer of stake in SBI from RBI to the government.

 


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Created: Feb 9 2010 at 01:07:05 AM
Updated: Feb 9 2010 at 01:07:05 AM
Category: Finance & Investment
Language: English

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