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Divestment drive: Govt targets ₹10k cr in FY25
Hindustan Times Navi Mumbai
|March 05, 2025
The government is likely to raise about ₹10,000 crore from divestment proceeds in FY25, with a large bulk coming from the offer for sale (OFS) route, two people aware of the matter said.
NEW DELHI: During the first 10 months of the ongoing fiscal, the Centre has raised about ₹8,625 crore through disinvestment transactions, the people mentioned above said.
The proceeds have been mainly generated through the OFS of General Insurance Corporation of India (₹2,345.55 crore), Cochin Shipyard Ltd (₹2,015.32 crore), and Hindustan Zinc Ltd (₹3,449.18 crore), the first person mentioned above said.
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