Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Economy

India likely to cut disinvestment goal by 40% for FY25, Economic Times reports

admin by admin
January 18, 2025
in Economy
0
India likely to cut disinvestment goal by 40% for FY25, Economic Times reports
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

MUMBAI (Reuters) – India will likely cut its disinvestment and asset monetisation target by 40% for 2024-25 in the federal budget to be presented next month, The Economic Times newspaper reported on Saturday, as planned sales of state-run firms run into a host of setbacks.

The government will likely revise the target to less than 300 billion rupees ($3.47 billion) from the initial 500 billion rupees, the newspaper said, citing people aware of the deliberations.

The government may set the target at about 450 billion rupees to 500 billion rupees for the next fiscal year, as it intends to conclude the IDBI Bank (NS:IDBI) transaction and step up its asset monetisation bid, the report said.

The Finance Ministry did not immediately respond to a Reuters’ email seeking comment.

The Indian government, which owns 45.48% in IDBI Bank, and state-owned Life Insurance (NS:LIFI) Corp of India which holds 49.24%, together plan to sell 60.7% of the lender. The sale process was first announced in 2022.

Prime Minister Narendra Modi’s administration moved from the usual practise of setting a stake sale target in its budget presented last year.

Modi’s ambition of privatising state-run firms has taken a back seat due to regulatory hurdles, complex decision-making, political considerations and valuation issues, but his government has delivered more stake sales than any previous administration.

The government has raised 86.25 billion rupees from disinvestments so far in this fiscal year.

The government will continue to reduce its stakes in some entities via the offer-for-sale route, the report added.

($1 = 86.5710 Indian rupees)

This post appeared first on investing.com

Previous Post

What can actually DOGE do?

Next Post

US awards Moderna $590 million for bird flu vaccine development

admin

admin

Next Post
US awards Moderna $590 million for bird flu vaccine development

US awards Moderna $590 million for bird flu vaccine development

Trending News

EM stocks could surge. Here’s why

EM stocks could surge. Here’s why

October 20, 2024
Goldman Sachs turns bullish on Peloton after strong Q4 results, sees 61% upside

Goldman Sachs turns bullish on Peloton after strong Q4 results, sees 61% upside

August 8, 2025
Should Google consider breaking up? Analyst says it’s the ‘best thing to do’

Should Google consider breaking up? Analyst says it’s the ‘best thing to do’

April 25, 2025
Subscribe to Insightful Word


    Recent News

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    August 28, 2025
    SentinelOne stock price forecast ahead of earnings: buy or sell?

    SentinelOne stock price forecast ahead of earnings: buy or sell?

    August 28, 2025
    Tesla wants millions of robotaxis by 2025, but will Waymo win the long game?

    Tesla wants millions of robotaxis by 2025, but will Waymo win the long game?

    August 28, 2025
    Urban Outfitters stock slides 4% despite strong quarter on cautious outlook

    Urban Outfitters stock slides 4% despite strong quarter on cautious outlook

    August 28, 2025

    Recent News

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    August 28, 2025
    SentinelOne stock price forecast ahead of earnings: buy or sell?

    SentinelOne stock price forecast ahead of earnings: buy or sell?

    August 28, 2025

    Latest News

    • Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in
    • SentinelOne stock price forecast ahead of earnings: buy or sell?
    • Tesla wants millions of robotaxis by 2025, but will Waymo win the long game?

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.