Disinvestment has raised over 4 lakh crores since 2014: Centre

Since the Modi government took office in 2014, the government has raised over Rs 4.04 lakh crore through disinvestment and strategic sale of public sector enterprises, according to the Finance Ministry.

Since the Modi government took office in 2014, the government has raised over ₹4.04 lakh crore through disinvestment and strategic sale of public sector enterprises, according to the Finance Ministry.

The largest amount, totaling over ₹1.07 lakh crore, was obtained through offer for sale in 59 cases. This was followed by a stake sale via Exchange Traded Fund (ETF) in ten tranches for a total of ₹98,949 crore.

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In the last eight years, strategic sales in ten companies, including Air India, generated ₹69,412 crore for the government. In 45 cases, share buybacks totaled ₹45,104 crore.

Since 2014-15, 17 CPSEs have been listed, generating a total of ₹50,386 crore. The government received ₹20,516 crore from the LIC’s initial public offering (IPO).

According to the ministry, new listings resulted in an increase in market capitalisation of ₹7.31 lakh crore.

In addition, the government sold its remaining stakes in Paradeep Phosphate Ltd, IPCL, and Tata Communication for ₹472 crore, ₹219 crore, and ₹8,847 crore, respectively.