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Center can achieve disinvestment target of 51 thousand crores

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Even if the central government does not sell new stake in a public enterprise, it will have to pay for the current financial year the prescribed amount of Rs. The disinvestment target of Rs 51,000 crore is likely to be achieved. However, this requires the successful completion of the privatization plan of IDBI Bank and Container Corporation of India (CONCOR).

The government is preparing to sell its and LIC’s 60.72 per cent stake in IDBI Bank. Given the current market capitalization of the bank, the government will get Rs 100 crore from this stake sale. 35,765 crores can be found. The government holds 45.48 per cent stake in IDBI Bank. While LIC has 49.24 per cent stake. The government is planning to sell its 30.48 per cent and 30.24 per cent stake in LIC. The deadline for submitting expression of interest to buy a majority stake in the bank ended in January. After which the potential bidders are currently doing bank due diligence. According to a report, the RBI has started evaluating five potential bidders who have shown interest in buying a stake in IDBI. The two smaller disinvestments include BEML and Shipping Corporation of India.

Rs. Will give an amount of around 4,300 crores. The process of disinvestment of these two companies has reached the final stage. Presently Rs. The sale of 26 per cent stake in BEML will fetch the government a market value of Rs 1,414.35 per share. Will be able to raise Rs 1,532 crore. While the current price from the Shipping Corporation is Rs. 2,837 can be obtained. Thus the government got three disinvestments of Rs. 40,134 crore, the government may have to expedite the delayed disinvestment of CONCOR. However, so far they have not even invited expression of interest from interested parties in the company. 134 crore, the government may have to expedite the delayed disinvestment of CONCOR. However, so far they have not even invited expression of interest from interested parties in the company. 134 crore, the government may have to expedite the delayed disinvestment of CONCOR. However, so far they have not even invited expression of interest from interested parties in the company.