The Union budget for FY24 had estimated raising ₹51,000 crore from the sale of the government’s shares in public sector companies.It is unlikely that any new big-ticket additions will be made to the divestment list for FY25
ISLAMABAD: Despite the enactment of the State-Owned Enterprises Act 2023 under the IMF programme, the government continues to violate the law and its relevant rules by appointing top bureaucrats as.
The share of govt-owned companies in Indias total market capitalisation rose to nearly 10% in November from a low of 5% in 2020. The market value of PSUs in the BSE 200 index touched a 12-year high of $272 billion (Rs 22.6 lakh crore) at the end of September.
These bonds typically offer returns equivalent to or slightly higher than Fixed Deposits (FDs), with the added advantage of the governments sovereign guarantee.
Brokerage house B&K Securities sees an around 10 percent upside potential in benchmark Nifty in the next 12 months but flows could take the Nifty much higher