This Article is From Mar 31, 2017

Rs 46,247 Crore Raised From PSU Stake Sale, Tops Revised Estimates

Rs 46,247 Crore Raised From PSU Stake Sale, Tops Revised Estimates

In the Revised Estimates, this target of Rs 56,500 crore was scaled down to Rs 45,000 crore.

New Delhi: The government has raised a record Rs 46,247 crore through disinvestment, of which Rs 10,779 crore has come from strategic disinvestment and SUUTI's investment.

With this, the disinvestment proceeds of 2016-17 has exceeded the revised estimates (RE) of Rs 45,500 crore set in 2017-18 Budget.

Record achievement of Rs 46,247 crore include Rs 35,468 crore from CPSE disinvestment and Rs 10,779 crore from strategic disinvestment and SUUTI's investment, the finance ministry said in a tweet.

The Budget for 2016-17 had set a target of Rs 56,500 crore from PSU disinvestment. Of this Rs 36,000 crore was to come from disinvestment of CPSEs and Rs 20,500 crore from strategic stake sale of PSUs.

In the Revised Estimates, this target of Rs 56,500 crore was scaled down to Rs 45,000 crore.

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