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Government likely to miss FY20 divestment target
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Government likely to miss FY20 divestment target
Mar 12, 2020 9:31 AM

The challenging market situation may take a toll on the government's divestment kitty.

Most probably the government may not be able to meet its revised estimate as far as divestment receipts are concerned. The revised estimate is somewhere around Rs 65,000 crore but maybe the government would be able to mop up only Rs 50,000-55,000 crore by end of March.

The current market situation is extremely challenging as far as government market offerings are concerned and so it could be possible that the government may not take the risk of doing any market offerings for the rest of March, reports CNBC-TV18.

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