Govt may miss revised FY20 divestment target by Rs 15,000 crore

NEW DELHI: The ongoing weakness in the secondary market has raised risk of failure on the part of the government to meet its revised divestment target of Rs 65,000 crore for FY20.

There could a shortfall of Rs 15,000 crore due to prevailing weak market conditions, ET NOW quoted agencies as saying.

The official said that the government is concerned over the impact of coronavirus on PSU shares and the market at large. It could drop offer for sale (OFS) and share buyback plans for the ongoing fiscal, he said.


The government had earlier revised its divestment target for FY20 to Rs 65,000 crore from Rs 1,05,000 crore. According to DIPAM, the government has so far received Rs 32,963.85 crore in divestment proceeds this financial year. It received another Rs 1,881.21 crore from selling enemy property.