Centre’s Disinvestment Drive to Fetch Rs 80,000 Crore
The government’s disinvestment drive for FY26 is on track to exceed its target. Two major transactions are expected to fetch up to Rs 80,000 crore.
Key Transactions:
- 3% Stake Sale in LIC: Expected to yield Rs 20,000-30,000 crore in Q4 FY26.
- Strategic Disinvestment of IDBI Bank: It is expected to fetch Rs 40,000-50,000 crore. This amount is sufficient to meet the Budget target of Rs 47,000 crore.
Why It’s a Big Deal:
The Department of Investment and Public Asset Management (DIPAM) considers this year’s pipeline “very high quality.” This is due to favorable market conditions. The strategic sale of IDBI Bank is in advanced stages, with due diligence nearly complete.
Other Companies in Pipeline:
- Mazagon Dock Shipbuilders Ltd (MDL): Successful OFS garnered Rs 3,673.42 crore.
- Coal India and LIC: OFS transactions are in the pipeline.
- Rail Vikas Nigam Ltd (RVNL) and Garden Reach Shipbuilders & Engineers (GRSE): May also undergo OFS in FY26.
Budget Target:
The Union Budget 2025 set a target of Rs 47,000 crore for miscellaneous capital receipts. This target includes disinvestment and asset monetization proceeds. The government is confident of exceeding this target
