Leave money for investors to make divestment plans successful: Rajeev Malik
ET Now spoke to Rajeev Malik, Head, India and ASEAN Economics, Macquarie Securities Group, to get his views on government's divestment plans.
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| ET Now spoke to Rajeev Malik, Head, India and ASEAN Economics, Macquarie Securities Group, to get his views on government's divestment plans.
Also your opinion on the government divestment plans, do you think it is going to succeed and also what's then the potential implication for the secondary market?
Well, there are two issues, one is whatever is the plan government has, the other is whether the actual implementation, the pricing of lot of the issues that come to the market lands up being attractive enough and that is where the big issue is going to be.
It is important that the government realises that it is not just going to have one isolated issue. There will be a slew of issues and rather than getting into the mindset that they need to collect the maximum possible money, it makes more sense to leave money on the table for investors to make and that is what is going to make for a successful divestment programme overall.
Also your opinion on the government divestment plans, do you think it is going to succeed and also what's then the potential implication for the secondary market?
Well, there are two issues, one is whatever is the plan government has, the other is whether the actual implementation, the pricing of lot of the issues that come to the market lands up being attractive enough and that is where the big issue is going to be.
It is important that the government realises that it is not just going to have one isolated issue. There will be a slew of issues and rather than getting into the mindset that they need to collect the maximum possible money, it makes more sense to leave money on the table for investors to make and that is what is going to make for a successful divestment programme overall.
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