India is poised to exceed its Rs 47,000 crore disinvestment target for the fiscal year, according to DIPAM Secretary Arunish Chawla.
He announced plans for additional offers for sale (OFS), minority stake sales, and initial public offerings (IPOs) as market conditions improve. Chawla noted six OFS and minority stake sales are anticipated, and the strategic divestment of IDBI Bank will occur within this financial year.
Despite recent volatility, individual investors significantly contributed to capital market flows, countering foreign institutional investor (FII) outflows. The government’s integrated disinvestment strategy emphasizes the role of public sector dividends, targeting over Rs 1.2 lakh crore in dividend receipts this year and a commitment to asset monetization by FY26.
Amid global challenges, Chawla expressed optimism regarding India’s emerging position in the global capital markets.
Source – sarkaritel.com
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