Disinvestment Target FY 27: Government Expects To Meet ₹80,000 Crore FY27 Goal, Says DIPAM Secretary
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DIPAM Secretary Arunish Chawla said the government expects to meet its Rs 80,000 crore FY27 disinvestment target after mobilising Rs 52,000 crore so far, and hinted more market offers could follow the Hindustan Copper stake sale.
The government expects to meet its ₹80,000 crore disinvestment target for financial year 2026-27, with more stake-sale transactions likely to come to the market during the rest of the fiscal, DIPAM Secretary Arunish Chawla said.
The Centre has already mobilised around ₹52,000 crore so far this financial year, including through the Life Insurance Corporation of India (LIC) offer for sale and the recent Hindustan Copper stake sale.
Chawla said the Department of Investment and Public Asset Management (DIPAM) is working towards achieving the target, while stressing that the government's focus is on the outcome of disinvestment transactions rather than the target alone. As reported by NDTV Profit, Chawla said the government was working hard to achieve the goal and would continue to do so.
He did not disclose which company could be next for a stake sale or when another transaction could be launched. However, responding to questions about the pipeline of large offer for sale (OFS) transactions, Chawla indicated that the government intends to continue bringing market offers.
His comments suggest that the Hindustan Copper OFS is unlikely to be the last major stake sale this financial year, although the Centre has not provided details of any upcoming transaction.
DIPAM has also strengthened its ability to track market conditions before launching such offers. Chawla said the department now has a dedicated market research unit and an internal operations room called “Kurukshetra”, which evaluates market conditions ahead of disinvestment transactions.
He said the government does take prevailing market conditions into consideration while deciding on stake sales.
Hindustan Copper OFS: Government To Retain 60% Stake
Under the latest Hindustan Copper OFS, the government's holding in the company will fall to 60% from 66%. Chawla said the Centre intends to retain its stake at that level.
The government also wants to leave Hindustan Copper with sufficient flexibility to raise capital from the market for mining and technology-intensive investments.
The Centre's disinvestment target for FY27 is higher than the amount raised so far, leaving around ₹28,000 crore to be mobilised through the remainder of the financial year. Further market offers could therefore play an important role in helping the government reach its target, with the timing likely to depend on market conditions.
Also Read - Hindustan Zinc Share Price: Stock Falls 3% As Government Stake Sale Expectations Return
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Rochelle Britto has spent 8+ years decoding India's markets, businesses, and consumer economy, reporting for ET Prime and Times Internet along the way, covering the stories behind the numbers.
A Mumbai native and perpetual planner of the next holiday, she stays far, far away from the eternal question, “Where are we going next?” When she's not chasing headlines, she's chasing new cultures, open roads, and a bit of quiet in nature.
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