10 PSU IPOs lined up next fiscal, plans afoot to meet Rs 90,000 crore disinvestment target

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The Interim Budget has set an objective of Rs 90,000 crore to be eliminated from the divestment of the CPSE in 2019-20, higher than Rs 80,000 crore in the current fiscal.
PTI @moneycontrolcom

On February 2, the Ministry of Finance said that 10 CPSE, including THDCIL, RailTel and TCIL, have been aligned for an initial public offering (IPO) and there are plans to launch sector-specific ETFs to meet the ambitious divestment target of Rs 90,000 million for 2019 20.

In addition, the ministry plans to move forward with the strategic divestment of a large amount of CPSE and monetize the non-core assets of state-owned companies, said Atanu Chakraborty, secretary of the Department of Investment and Public Assets Management (DIPAM).

“We have around 10 IPOs that are already aligned, then there are many companies that have to meet their minimum public share participation objective, we will also bring new ETFs based on themes, then there will be strategic divestments and after the elections we will overcome. “It improved sharply and the asset monetization framework will see the light next year,” Chakraborty told PTI in an interview.

The Interim Budget has set an objective of Rs 90,000 crore to be eliminated from the divestment of the CPSE in 2019-20, higher than Rs 80,000 crore in the current fiscal.