The seven OFS transactions, which include selling its stake in Tata Communications Ltd (erstwhile VSNL), has cumulatively netted Rs 22,973 crore to the exchequer in the current fiscal.
By way of tendering its shares in share buybacks by seven CPSEs, the government has garnered Rs 3,936 crore this fiscal which ends on March 31.
Also, three CPSEs RailTel, IRFC and Mazagon Dock Shipbuilders were listed on the bourses and their initial public offerings (IPO) fetched Rs 2,802 crore.
Besides, Rs 3,125 crore has accrued by selling stakes in companies held via SUUTI.
For 2021-22 fiscal beginning April 1, the government has set a disinvestment target of Rs 1.75 lakh crore, over five times what it raised in the current financial year.
While the country's largest insurer LIC's IPO is in the pipeline for next fiscal, privatisation of IDBI Bank too is likely next fiscal.
The process of privatisation of Air India, BPCL, Pawan Hans, BEML, NINL and Shipping Corp has also moved to the second stage after the government received multiple expressions of interest for these CPSEs.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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