CPSE disinvestment, share buyback: Govt collects Rs 19,499 crore

Against the budgeted goal of Rs 2.10 lakh crore for the continued fiscal, the federal government has to this point garnered Rs 19,499 crore by way of CPSE disinvestment and share buyback.
With the pandemic impacting massive ticket strategic gross sales and the itemizing of insurance coverage large Life Insurance Corporation, the Centre is prone to miss the budgeted disinvestment goal by a large margin on this fiscal.
In her Budget 2020-21 presentation, Finance Minister Nirmala Sitharaman had set a goal of elevating Rs 2.1 lakh crore via privatisation, sale of minority stakes in state-owned firms and share buyback by central public sector enterprises (CPSEs).

While Rs 1.20 lakh crore was to return from stake sale in CPSEs, Rs 90,000 crore was to be collected from share sale in monetary establishments.
As many as 4 public sector models — Hindustan Aeronautics Ltd (HAL), Bharat Dynamics, IRCTC and SAIL — have come out with offer-for-sale (OFS) this monetary 12 months. This fetched Rs 12,907 crore to the exchequer.
Besides, the preliminary public providing (IPO) by IRFC and Mazagon Dock Shipbuilders collectively fetched Rs 1,984 crore.