Budget 2018: Modi govt targets disinvestment receipts of Rs 900 billion
The ONGC-HPCL deal is likely to fetch the government Rs 300 billion, the report said quoting sources BUDGET NEWS :Eyeing Rs 1 trillion price range goal via disinvestment for next economic, the Modi authorities can also stop FY18 with Rs 900 billion selloff, nearly twice the report figure of Rs 460 billion done final yr, on the back of its stake sale in Hindustan Petroleum agency (HPCL ) to oil and herbal gas corporation (ONGC), in step with The Time of India file. The deal is possibly to fetch the authorities Rs 300 billion, the document stated quoting resources. The sale of the government's stake in HPCL to ONGC is caught on valuation. consistent with humans near the development, the attempt became to shut the deal before the quit of this month however the government was searching at getting a better price for its 51.1 in keeping with cent stake in HPCL. primarily based at the present day marketplace capitalisation, a 51 in keeping with cent in HPCL is w...