SCI, Concor, Pawan Hans in govt shortlist for strategic asset sale

Sources said the government has identified four companies for strategic stake sale this financial year.

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The government currently hold 63.75 per cent in SCI, 54 per cent in Concor.
The government has drawn up a roadmap for strategic sale as it looks to push the pedal on disinvestments to soar up revenues and make the fiscal math stand the test of economic slowdown.

There is also an urgency to bridge any gap due to possible loss of revenue towards stimulus measures lined up for various sectors. The candidates lined up for strategic stake sale include Shipping Corporation of India, Container Corporation.

Sources said the government has identified four companies for strategic stake sale this financial year, and the key candidates included SCI, Concor and Pawan Hans. In all these cases, the government may offload its entire holdings either in tranches or as a whole and transfer management control.


The government currently hold 63.75 per cent in SCI, 54 per cent in Concor.

The plan is to offload about 25 per cent stake in Concor this year, and a sizeable stake in Shipping Corporation of India. The Concor proposal has already been sent to the Railways Ministry for its approval.

The government has pegged its disinvestment target for FY20 at over Rs 1 lakh crore.
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Finance Minister Nirmala Sitharaman raised the target in her full Union Budget on July 5 from Rs 90,000 crore proposed in the Interim Budget 2019-20 in February.
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