India Budget: Government equity sales target set at 500 billion rupees for 2024/25

IDBI Bank

01/02/2024 07:07

NEW DELHI, Feb 1 (Reuters) - India aims to garner 500
billion rupees ($6 billion) through equity stake sales in
2024/25, as privatization of state-run companies takes a
backseat before general elections this summer.
    The government slashed the stake sale target for the current
fiscal year to 300 billion rupees from 510 billion rupees, as
its biggest divestment planned for the year was delayed,    
budget documents released on Thursday showed. 
    


($1 = 82.9670 Indian rupees)

 (Reporting by Nikunj Ohri and Jaspreet Kalra; Editing by
Mrigank Dhaniwala)
 ((nikunj.ohri@thomsonreuters.com; +91 90284 60730; Reuters
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