Investors make the most of disinvestment

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The FY14 disinvestment drive has been successful for the government and profitable for investors. Life Insurance Corporation (LIC) of India and other state-owned financial institutions bailing out government share sales was a common trend in the past few years. But this year, along with the usual white knights, other domestic and foreign institutions were also seen investing. Thanks to the recent rally, the investors have made cool returns. For instance, shares of BHEL have rallied 20 per cent since LIC picked up 4.6 per cent at Rs 165 apiece, while the Engineers India share price is up 40 per cent from the follow-on public offer price