"All of the ongoing strategic transactions will spill over to the next financial year... buybacks, some OFS where there is room for meeting minimum public shareholding norms, can be considered," a senior official said, asking not to be named.
OFS enables existing company shareholders to sell their shares to the public through an exchange in a fair and transparent manner, while buybacks allow re-purchase by a company of its shares from its shareholders. Buybacks are more feasible since the government received ₹497 crore from only one instance of share buyback by GAIL (India) Ltd last year. CPSE stocks outperformed the Sensex in 2021 and 2022, as per a Bank of Baroda study on disinvestment.
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