Confident of achieving the disinvestment target of Rs 30,000 crore for the current financial year, Union Revenue Secretary, Sumit Bose said, the government was positive enough to meet its disinvestment target for the year 2012-13, against previous year’s Rs 40,000 crore. The government has so far identified 10 companies where it plans to offload its stake.
The government recently raised some Rs 807.02 crore by divesting a 5.58 per cent stake in Hindustan Copper through an offer for sale (OFS). The government’s shareholding in the company before the OFS was at a high 99 per cent. Further, the government disinvested 10 percent of NBCC out of its shareholding and realized an amount of Rs 124.97 crore.
The government had set a target of mopping up close to Rs 30,000 crore through equity stake sales in companies including Oil India, SAIL, Hindustan Aeronautics, Nalco, RINL, BHEL, MMTC and NMDC. So far, the government has managed to garner only around Rs 14,000 crore as against the disinvestment target of Rs 40,000 crore in 2011-12.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: