Divestment target set at Rs.40000 crore

The Union Finance Minister Shri Pranab Mukherjee reiterated that the Government is committed to retain at least 51 per cent ownership and management control of the Central Public Sector Undertakings (CPSUs). Rs. 40,000 crore will be raised through disinvestment in the next financial year as against Rs. 22,144 crores raised during this fiscal 2010-11.

Maintaining the momentum on disinvestment, in the current fiscal year, six public issues of CPSUs have attracted around 50 lakh retail investors broad basing the ownership of CPSUs. A higher than anticipated realization non-tax revenues has led to rescheduling of some of disinvestment issues planned for the current year, he said.

Source : Equity Bulls

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