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Department of Disinvestment wants disinvestment target to be scaled down to Rs 30,000 crore

NEW DELHI: The Dept. of Disinvestment wants that PSU stake sale target for the current fiscal be more than halved to Rs 30,000 crore in view of volatility in the stock markets.

“The target of Rs 30,000 crore seems more reasonable for current fiscal given that there is no big stock to sell,” a source said.

The government has budgeted to raise Rs 69,500 crore through disinvestment in the current fiscal. Of this, Rs 41,000 crore is to come from minority stake sale in PSUs and the remaining Rs 28,500 crore from strategic stake sale.

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