Centre unlikely to undertake any new PSU disinvestment in 2023-24

Disinvestment could resume after 2024 general elections

Shrimi Choudhary New Delhi
Divestment, privatisation, stake sale, disinvestment

Listen to This Article

The Union government is unlikely to undertake any new public-sector undertaking (PSU) disinvestment—including privatisation of public-sector banks—in 2023-24, said a senior official in the know. Any such stake sale might take place only after the general elections next year.
“There is little chance of a new stake-sale transaction before the general elections. The priority will be to speed up the ongoing deals, including those to sell stakes in IDBI Bank, Shipping Corporation, and Container Corporation of India (Concor),” the official said. “Even the proposed privatisation of two public-sector banks and a general insurance firm has been postponed.”
According to sources, it was felt that this might not be an opportune time to privatise big state-run enterprises, as 2023-24 is the last financial year before the Lok Sabha elections to be held in April-May next year. Besides, global uncertainties could also not be

Also Read

Small, mid CPSEs likely to be on Centre's FY24 disinvestment list

Dipam seeks to make dividends from PSUs part of disinvestment target

FY24 disinvestment target to be around Rs 60K-cr, big ticket deals unlikely

Govt falls short of disinvestment target, posts stronger dividend receipts

Contractual workforce in CPSEs crosses pre-pandemic level in FY22

Tax bodies must ensure fast closure under trader amnesty scheme: CBIC

India-focused offshore funds, ETFs inflow drop 9% to $803 mn in Q4

Rajasthan govt to disburse Rs 22,000-cr interest-free crop loans in 2023-24

A reality check for Indian oil product exports amid international sanctions

Exports to EU worth $1.3 bn to be impacted by deforestation rule: GTRI

First Published: May 18 2023 | 8:31 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to