DIPAM plans to mop-up Rs 25,000 cr in April-Sept

Merchant bankers are already said to have been appointed for IRCTC, IRCON and IRFC

In a bid to come close to an ambitious divestment target of Rs 72,500 crore for 2017-18, the Narendra Modi government aims to top at least Rs 25,000 crore in stake sales for April-September, the highest-ever for the first half of any year.

For April-June so far, the Department of Investment and Public Asset Management (DIPAM), has already garnered around Rs 6,600 crore. This comes from selling part of the stake that the government holds in Larsen & Toubro (L&T) in Specified Undertaking of Unit Trust of India (SUUTI), a five per cent stake sale in Nalco, and share buyback