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Home News News and Press Release Month 3 2020 2020 (3) This
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Disinvestment of CPSEs

March 2, 2020
  • Contents

During the current financial year, through the ETF mode, Further Fund Offer (FFO) -5 and FFO-6 of CPSE-ETF yielded ₹ 10,000.39 crore and ₹ 16,500 crore in July 2019 and January 2020 respectively. FFO-2 of Bharat-22 ETF fetched ₹ 4,368 crore in October 2019. In aggregate, ETFs have yielded ₹ 30,868.39 crore in 2019-20. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Lok Sabha today.

Giving more details, Shri Thakur stated that the policy of disinvestment of minority stake without transfer of management control is being followed through various SEBI-approved methods such as Initial Public Offer (IPO), Offer for Sale (OFS), Buyback of shares and Exchange Traded Funds (ETFs) offers. Disinvestment is an ongoing process. Timing of disinvestment transaction depends on the prevailing market condition and the investors’ interest.

Shri Thakur further said that at present, Bharat 22 ETF consists of equity of 15 CPSEs, 3 PSU banks and 3 private companies. The net shares of Govt. in CPSEs included in the Bharat-22 ETF are given below:

Serial No.

CPSEs

Net share of Govt. of India

1

2Bharat Electronics Ltd

351.13%

2

5Bharat Petroleum Corp Ltd

652.98%

3

8Coal India Ltd

966.14%

4

Engineers India Ltd

51.50%

 5

Gail India Ltd

51.76%

 6

Indian Oil Corp Ltd

51.50%

 7

National Aluminium Co Ltd

51.50%

 8

NBCC (India) Ltd

61.75%

 9

NHPC Ltd

70.95%

 10

NLC India Ltd

79.20%

 11

NTPC Ltd

51.02%

 12

Oil & Natural Gas Corp Ltd

60.41%

 13

Power Finance Corp Ltd

55.99%

 14

Power Grid Corp of India Ltd

51.34%

 15

SJVN Ltd

59.92%

 

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