In FY24, the Centre had planned to sell its stake in IDBI Bank, Shipping Corp. of India Ltd, BEML Ltd and Container Corp. of India Ltd. However, these divestments didn’t materialise and will spill over to the next fiscal. Other likely candidates for divestment during FY25 are Rashtriya Ispat Nigam Ltd (RINL) and some subsidiaries under the AI Assets Holding Limited (AIAHL, formerly Air India Assets Holding Limited), among others, the people mentioned above said.
“The divestment target for the next fiscal is likely to be lower than the FY24 target, which was ambitious. Various factors, including market conditions, prevented the government from reaching its target," said the first person mentioned above.
This story is from the December 21, 2023 edition of Hindustan Times.
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This story is from the December 21, 2023 edition of Hindustan Times.
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