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Divestment drive: Centre targets ₹10,000 cr in FY25
Mint New Delhi
|March 05, 2025
A bulk of divestment proceeds is expected to be generated through the offer-for-sale route
The government is likely to raise about ₹10,000 crore from divestment proceeds in FY25, with a bulk of it coming from the offer-for-sale (OFS) route, two people aware of the matter said.
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.
Additionally, ₹815 crore was received from remittances linked to the Specified Undertaking of the Unit Trust of India (SUUTI), the person added.
The OFS mechanism allows listed companies to offload shares directly through the stock exchange.
This story is from the March 05, 2025 edition of Mint New Delhi.
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