The authorities has mopped up Rs 32,835 crore from CPSE share sale and buybacks, thus exceeding the disinvestment goal set in the revised estimates (RE) for the present fiscal.
Illustration: Uttam Ghosh/Rediff.com.
The realisation is, nonetheless, decrease than the document Rs 2.10 lakh crore initially budgeted. In the RE, the goal was scaled right down to Rs 32,000 crore because the Covid-19 pandemic delayed deliberate large ticket disinvestments.
In a tweet, division of funding and public asset administration secretary Tuhin Kanta Pandey stated the overall DIPAM receipts in 2020-21 stand at Rs 71,857 crore, which embrace disinvestment receipts of Rs 32,835 crore and dividend receipts of Rs 39,022 crore.
“Total dividend receipts from CPSEs in FY 2020-21 have touched Rs 39,022 crore, which exceeds the revised estimate (RE) of Rs 34,717 crore, and is greater than precise dividend receipts (Rs 35,543 crore) throughout the earlier monetary yr,” Pandey tweeted.
In the present monetary yr, the federal government has bought its stake through seven supply on the market (OFS) transactions and likewise tendered shares in buyback choices by an analogous variety of CPSEs.
The seven OFS transactions, which embrace promoting its stake in Tata Communications Ltd (erstwhile VSNL), has cumulatively netted Rs 22,973 crore to the exchequer in the present fiscal.
By manner of tendering its shares in share buybacks by seven CPSEs, the federal government has garnered Rs 3,936 crore this fiscal which ends on March 31.
Also, three CPSEs — RailTel, IRFC and Mazagon Dock Shipbuilders — have been listed on the bourses and their preliminary public choices (IPO) fetched Rs 2,802 crore.
Besides, Rs 3,125 crore has accrued by promoting stakes in firms held through SUUTI.
For 2021-22 fiscal starting April 1, the federal government has set a disinvestment goal of Rs 1.75 lakh crore, over 5 occasions what it raised in the present monetary yr.
While the nation’s largest insurer LIC’s IPO is in the pipeline for subsequent fiscal, the privatisation of IDBI Bank too is probably going in subsequent fiscal.
The strategy of privatisation of Air India, BPCL, Pawan Hans, BEML, NINL and Shipping Corp has additionally moved to the second stage after the federal government acquired a number of expressions of curiosity for these CPSEs.