Govt made Rs 31,106 cr in FY23 through disinvestment, reports DIPAM

The sale of 3.5 per cent of its stake in the LIC through an IPO brought the govt Rs 20,516.12 crore as receipts

The government has garnered Rs 31,106.64 crore from disinvestments in the financial year 2022-23 (FY23) so far, official data showed. According to data released by the Department of Investment and Public Asset Management (DIPAM), disinvestment proceedings have added Rs 31,106.64 crore to government coffers in FY23 so far.

LIC made the largest contribution to these proceeds. The sale of 3.5 per cent of its stake in the LIC through an initial public offering (IPO) brought the government Rs 20,516.12 crore as receipts.

The disinvestment included stake sales in central public sector enterprises (CPSEs), involving Oil and Natural Gas Corporation (ONGC),