The Government has garnered 23,500 crore rupees by divesting its stakes in the Public Sector Undertakings so far in the current fiscal and is hopeful of achieving the disinvestment target of 56,500 crore during the current financial year. <br/><br/>Manish Singh, Joint Secretary in the Department of Investment and Public Asset Management (DIPAM) under the Ministry of Finance told this to reporters on the sidelines of an event in Mumbai on Wednesday. <br/><br/>Mr Singh said, buyback of shares undertaken for the first time by central public sector enterprises has earned 15,000 crore rupees so far in the current fiscal. <br/><br/>He said that his department was set to go for strategic sell-off for certain state-owned companies for which the Government has already given in principle approval and work was underway for completing their disinvestment within the stipulated time.<br/>
News On AIR | January 12, 2017 12:17 AM
Govt on course to achieve FY17 disinvestment target