CPSE divestment gathers Rs 21432 cr raised so far in current year

CPSE divestment gathers Rs 21432 cr raised so far in current year

NEW DELHI .The Indian government was able to save Rs 21432 crore through a stake sale in CPSEs (Central Public Sector Enterprises). 
 
The consistent divestment, starting April 2016 up to December 2016 by the Government has helped it achieve 60% of its fiscal deficit target of Rs 36000 crore. 
 
The total realisation during FY16-17 stands at Rs 23528.73 crore, of which Rs 21432.38 crore came from minority stake sale in 14 CPSEs; and remaining Rs 2096.35 crore via strategic stake sale. Strategic holding comprises of less than 50% government holding in the company.

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