Govt looks to ramp up valuation before stake sale in OIL and NTPC
Aims to maximise realisation to meet Rs 30,000-cr target FinMin to meet ministries this week To maximise realisations from stake sale in two companies in its disinvestment pipeline — Oil India Ltd (OIL) and NTPC — the government has planned to sort out some of the issues before launching offer for sale (OFS). The stake sale in the two companies is critical to meeting the government’s Rs 30,000-crore disinvestment target for the current financial year, as the government has managed to garner only about Rs 6,900 crore so far.