Govt readies Plan B on divestment, to widen basket

The government is likely to offer more shares under PSU ETF‎ in FY15, which may fetch it around Rs 6000 crore.

With stock prices of companies up for divestment this fiscal getting hammered, Finance Ministry is planning to implement a reworked divestment plan for the remaining fiscal, which is likely to be kicked in with immediate effect.

Not just this, sources also say the government as a policy in the times to come, is planning to cast its net wider to include more companies for stake sales, including those in oil, power and mining in FY15 as dependence on one or two big companies is hurting its divestment target.

The government is likely to offer more shares under PSU ETF ‎ in FY15, which may fetch it around Rs 6000 crore. It may also look at only domestic roadshows for small stake sales, sources add.

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