Big ticket sales can help meet Rs 2.1 lakh cr target: DIPAM

Disinvestment Secretary T.K. Pande on Saturday said big ticket stake sale will happen in the next few months where the EoI of BPCL will be issued shortly while the government has raised Rs 21,000 crore from CPSE ETF.

"Government has raised Rs 21,000 crore from ETF and will retain Rs 16,500 crore," Pande said at the post-Budget press conference.

The seventh tranche of the Central Public Sector Enterprises Exchange Traded Fund (CPSE ETF), through which the government intends to raise at least Rs 10,000 crore, was opened for subscription on January 30 for anchor investors, and for other investors on January 31.

The Secretary said big ticket sale will happen in the next few months and he is confident of meeting the Rs 2.10 lakh crore target from sell-offs.

Earlier in the same conference, Finance Minister Nirmala Sitharaman said the proceeds from the sell-off initiated this year are big ones and would come next fiscal.

The stiff target of Rs 2.1 lakh crore comes in the wake of the unfulfilled target of Rs 1.05 lakh crore this fiscal where government so far has got only Rs 18,084 crore.

Recently, the disinvestment department brought out EoI for Air India stake sale where government would exit the national carrier. The next fisal will also see strategic stake sale of BPCL.IANS