New Delhi, March 5 -- The government is likely to raise about Rs.10,000 crore from divestment proceeds in FY25, with a large bulk coming from the offer for sale (OFS) route, two people aware of the matter said.
During the first 10 months of the ongoing fiscal, the Centre has raised about Rs.8,625 crore through disinvestment transactions, the people mentioned above said.
The proceeds have been mainly generated through the OFS of General Insurance Corporation of India (Rs.2,345.55 crore), Cochin Shipyard Ltd (Rs.2,015.32 crore), and Hindustan Zinc Ltd (Rs.3,449.18 crore), the first person mentioned above said.
Additionally, Rs.815 crore was received from remittances linked to the Specified Undertaking of the Unit Trust of India (SUUTI), th...