FY24 disinvestment target to be around Rs 60K-cr, big ticket deals unlikely

The government's decision to not list any new entity for privatisation may be because of the prevailing market conditions

The disinvestment target for the next financial year (FY24) may be fixed at Rs 50,000-60,000 crore as the Centre is unlikely to declare a new disinvestment transaction and focus on completing the ongoing deals, a report in the Financial Express (FE) said. 

The report added that there may not be any big-ticket sale of public sector enterprises including banks and oil companies.

"Next year, we will pursue the transactions that have been approved (by the Cabinet) and are already in various stages. These include IDBI Bank, ConCor, BEML, Shipping Corporation of India, NMDC Steel, HLL Lifecare and PDIL," Department of Investment