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Centre raises Rs 63,749 crore through CPSE dividends in FY24

The Department of Investment and Public Asset Management raised a total of Rs 80,256 crore as receipts in 2023-24, of which Rs 63,749 crore was from dividends from CPSEs and the remaining Rs 16,507 was from stake sales in state-owned firms. ....

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No fixed disinvestment target in FY25 Budget, says DIPAM Secretary

The government s disinvestment strategy must be calibrated while also focussing on the creation of wealth, Tuhin Kanta Pandey said ....

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Disinvestment Target: Can the government break the jinx?

In the past, the government has missed targets set for prior financial years, the most recent being the Rs 1.75 lakh crore target for FY22, which was revised downwards to Rs 78,000 crore in the revised estimates. The actual proceeds for FY22 were at a meagre Rs 14,638 crore, primarily owing to the disruptions caused by the Covid-19 pandemic. ....

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IDBI, SCI privatisation, other stake sales may fetch over Rs 40,000 crore in divestment in FY24: Govt official

Planned stake sales will fall short of Rs 51,000 crore disinvestment target. ....

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Coal India OFS: Institutions lap up shares with bids worth Rs 6,500 cr; govt to exercise green shoe option

The government had offered over 8.31 crore shares to institutional investors on Thursday under the offer-for-sale (OFS)- route, but received bids for 28.76 crore shares or 3.46 times. ....

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