Motilal Oswal
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Motilal Oswal
Economy

Government seeks to raise Rs 3.25 lakh crore from stake sales in state firms over five years

Updated : July 12, 2019 03:52 PM IST

The government has plans to raise as much as Rs 3.25 lakh crore in the next five years by reducing its stakes in some large state-owned firms to 40 percent.
Last week, finance minister Nirmala Sitharaman in her budget announced that the government will look to reduce direct controlling stakes in some state-run firms on a case-by-case basis.
The plan will open up a steady stream of state companies to greater private investment, and target the kind of annual divestment revenue that will be crucial to meet fiscal deficit targets.
Government seeks to raise Rs 3.25 lakh crore from stake sales in state firms over five years
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