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Disinvestment drive gathering pace: Receipts nearing FY19 target; to hit Rs 65,000 crore by Jan-end
10-Dec-2018

If the transactions already initiated and the plans laid out materialise, the Centre’s disinvestment revenue by January-end may touch Rs 65,000 crore, at a striking distance from the FY19 target of Rs 80,000 crore.So far this year, the Centre has garnered about Rs 32,998 crore in disinvestment receipts, 77% of which via exchange-traded funds. While another Rs 17,000 crore worth transactions are expected by end-January, about Rs 15,000 crore is assured from the proposed Power Finance Corporation’s purchase of the Centre’s 52.63% stake in Rural Electrification Corporation after Cabinet accorded in-principle nod to the deal on Thursday.

News Source:- https://www.financialexpress.com/economy/modi-govts-disinvestment-drive-receipts-to-touch-rs-65-cr-by-jan-end/1408605/