(ET)
The government is hoping to reach the target of raising Rs 65,000 crore from stake sales in state-run companies in the current financial year through offer for sale (OFS) issues in PFC, NMDC and SAIL.
Sources said the department of investment and public asset management (DIPAM), which is responsible for state-run asset sales, is also eyeing another Rs 1,000 crore or so from a Coal India share buyback or OFS as well as selling some portion in the Specified Undertaking of Unit Trust of India (SUUTI).
The IPO of IRFC, the finance arm of the Railways, is also expected to fetch about Rs 1,500 crore. OFS is a method of selling shares of listed companies through the platform of an exchange. The government has used this route as part of its disinvestment programme.
