As many as 11 IPOs in the pipeline, says Dipam's Dheeraj Bhatnagar

The Centre has set itself a target of raising Rs 1.05 trillion by way of disinvestment, in FY20

As many as 11 PSU listings are in the works, said Dheeraj Bhatnagar, additional secretary for the Department of Investment and Public Asset Management (Dipam), which, along with the NITI Aayog, is identifying public sector units (PSUs) that can be candidates for privatisation.
 
Speaking at the capital markets conference organised by FICCI, Bhatnagar said: “The government is looking at potential strategic stake sales in the non-priority sector.” People in the know said a proposal to divest stake in Air India was in the works and could conclude this year.
 
Bhatnagar reiterated the government’s stance on ensuring that divestments