Speaking on an exclusive interview with CNBC-TV18, the DIPAM Secretary added that the stock market situation is stable and the Indian economy is doing very well.
DIPAM s data revealed that so far in FY23, CPSEs disinvestment is to the tune of ₹31,106.64 crore - which would be 47.85% of the budgeted estimates of ₹65,000 crore for FY23..Of the total disinvestment receipts achieved so far in FY23, strategic sale in LIC via IPO accounted for nearly 66%.
The centre is confident of achieving its disinvestment target of Rs 65,000 crore for the current fiscal year as it hopes to conclude the sale of at least three major companies by the end of March this year, sources have told Business Today TV.
Should the proposed privatisation of BEML go through, it will be the first time in history that the Ministry of Defence loses control over one of its companies, the plea stated.