(FE)
Racing against time to conclude strategic sales, which will play a pivotal role to achieve the Rs 1.05 lakh crore-disinvestment revenue target in FY20, the department of investment and public asset management (DIPAM) on Friday invited request for proposals from eligible parties to work as transaction and legal advisors, and asset valuers for five PSUs.
Besides its 53.29% stake in BPCL, the core group of secretaries on disinvestment has recently approved the sale of its 63.75% stake in Shipping Corporation, 30% in Container Corporation of India (Concor), 100% in NEEPCO and 75% in THDC.
While the stakes in first three companies are to be sold to private parties, the stakes in NEEPCO and THDC are likely to be sold to another PSU, possibly NTPC. The current market value of the government’s stake to be offloaded in these companies is estimated to be about Rs 90,000 crore— 86% of the disinvestment revenue target for this fiscal.
