PSU stake sale only when markets right: Mukherjee
August 19th, 2011 - 9:47 pm ICT by IANS
New Delhi, Aug 19 (IANS) Finance Minister Pranab Mukherjee Friday said the government would sell its stake in the public sector undertakings (PSUs) only when market conditions were favourable.
“We cannot sell our valuable assets at a condition, at a market situation where we will not get the adequate prices,” Mukherjee said in the Lok Sabha.
The finance minister said the proposal of disinvestment in four public sector undertakings - Oil and Natural Gas Corporation, Steel Authority of India Limited, Hindustan Copper and National Building and Construction Corporation - has already by cleared by the cabinet.
He said the disinvestment of Bharat Heavy Electricals Limited and National Aluminium Company Limited were also under process.
The federal government targets to raise Rs.40,000 crore from disinvestment during the current financial year.
So far it has managed to raise only Rs.1,162 crore by selling 5 percent stake in the Power Finance Corporation.
- Pranab hopes to meet Rs.40,000 crore disinvestment target - Nov 18, 2011
- Rs.40,000 crore disinvestment target will be met: Official - Sep 13, 2011
- Government allows state-owned firms to buy back shares - Mar 01, 2012
- Disinvestment yield target set at Rs.40,000 crore - Feb 28, 2011
- EGoM fails to decide on ONGC, BHEL stake sales - Feb 15, 2012
- Revised disinvestment target in November: Official - Oct 01, 2011
- Government to raise Rs.30,000 crore from disinvestment - Mar 16, 2012
- Rs.40,000 crore disinvestment target will be met: Patel - Mar 01, 2011
- HAL disinvestment under consideration: Government - May 07, 2012
- 10 percent NBCC divestment okayed - Aug 11, 2011
- 5 percent equity divestment in BHEL cleared - Aug 30, 2011
- Disinvestment to bring in Rs.40,000 crore by 2010-11 - Oct 18, 2010
- Don't disinvest in HAL, says CPI-M - Sep 19, 2011
- Growth to fall below 8 percent: Pranab (Lead) - Oct 19, 2011
- Revised norm on public holding will prevent stampede of issues (Comment) - Aug 10, 2010
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