Govt on track to top ₹50k crore from PSU stake sales, IPO push

The Central government is on track to exceed its estimates for miscellaneous capital receipts (MCR) in fiscal year 2026 (FY26) to over ₹50,000 crore, buoyed by a pipeline of offers for sale, strategic stake sales, and possible initial public offerings (IPOs) in state-run companies, two people aware of the matter said.

- Rhik Kundu

The budget estimate for MCR is pegged at ₹47,000 crore for fiscal year 2026.

(BLOOMBERG)

The long-awaited sale of the government's and Life Insurance Corp.'s combined 94% stake in IDBI Bank is expected to be completed within the fiscal year, the people said.

An IPO of a public sector firm in the natural resources space is expected, which could involve either a state-run enterprise or one of its subsidiaries, depending on market conditions, the people added. The Centre also expects significant proceeds from offers for sale (OFS) of equity in other listed public sector undertakings (PSUs).