The government’s focus would be to push for disinvestment, which fell
short of its target in FY24, sources said.
The government is also looking to expedite its 63.75 percent stake sale
in the Shipping Corporation of India (SCI) and invite financial bids, sources
said. IDBI Bank divestment may see financial bids coming in in FY25, however,
another divestment target, BEML, may get delayed, the report cited sources as
saying.
In her interim Budget speech on February 1, finance minister Nirmala
Sitharaman said the government aims
to raise Rs 50,000 crore from stake sales in various public sector
companies in 2024-25. But the
government could not reach its target as there were issues with sale
transaction with state governments.