Centre to divest Rs. 11,000 cr. stake in PSU insurers

The government plans to divest Rs. 11,000 crore worth of stake in PSU general insurance companies to meet the steep disinvestment target of Rs. 72,500 crore next fiscal. Of the total target, Rs. 46,500 crore will be mobilised through minority stake sale and Rs. 15,000 crore from strategic disinvestment. The goal of Rs. 72,500 crore is higher than Rs. 45,500 crore the government has estimated to raise in the current fiscal. A sum of Rs. 11,000 crore is budgeted from the listing exercise. — PTI

— source thehindu.com

divide people, and loot national treasures.

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