Finance minister Arun Jaitley on Friday indicated that the government has lined up an aggressive disinvestment programme to meet the fiscal deficit target of 4.1 per cent in the current year.
“As far as disinvestment figures are concerned, we still have close to three months left. And I can only tell you this is going to be period of great activity as far as disinvestment is concerned,” he said at the CNBC-TV18 award function.
“I am not going to give any indication but major disinvestment in the coming months prior to March 31 is going to take place,” he added.
While the government’s disinvestment target is Rs 58,425 crore for this fiscal, it had raised around Rs 1,700 crore through the sale of equity in SAIL. Companies like ONGC, NHPC and Coal India have been lined up for disinvestment with five per cent equity offering which will bring down the government stake to around 75 per cent.
