A panel of ministers will meet on Wednesday to discuss selling shares in state-run Oil and Natural Gas Corp (ONGC) and Bharat Heavy Electricals (BHEL), divestment secretary, Haleem Khan, told reporters.
India originally planned to raise about $9 billion from share sales this fiscal year that ends in March, but has so far only raised about $250 million.
The government had deferred ONGC's public offer to raise up to $2.5 billion in October, after tepid response from investors during roadshows amid weak equity markets. The BHEL share sale is expected to raise up to $1 billion.