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Govt to focus on strategic stake sales to meet Rs 2.1 trn disinvestment

Dipam secretary pointed out there have been hiccups due to Covid-19

stake sale, shares, investors, investment
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The strategic sales being pursued include Air India, BEML, Central Electronics, Scooters India, Bharat Pumps and Compressors, and some dilution in SAIL

Jash Kriplani Mumbai
The government will continue to focus on strategic stake sales to meet its Rs 2.1 trillion disinvestment target in the current financial year even as Cvoid-19 has led to some distortions, said secretary for Department of Investment and Public Asset Management (Dipam) Tuhin Kanta Pandey on Friday.

“Many of the strategic transactions are going on and they are moving forward. There was a bit of distortion due to Covid-19 pandemic,” said Pandey, who was speaking at a webinar on Bharat Bond ETF.

The government has been extending deadlines for expression of interest for strategic sales due to the Covid-19 pandemic.

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