<p>The government has garnered Rs 19,499 crore through CPSE disinvestment and share buyback so far in 2020-21, as against the Rs 2.10 lakh crore budget target set for the entire fiscal year ending March 31.</p>.<p>With Covid-19 related delays impacting big-ticket strategic sales and listing of insurance behemoth LIC, the government is likely to miss the budgeted disinvestment target by a wide margin in this financial year.</p>.<p>Finance Minister Nirmala Sitharaman had in her budget for 2020-21 set a target of raising Rs 2.1 lakh crore from privatisation, sale of minority stakes in state-owned companies and share buyback by CPSEs.</p>.<p><strong><a href="https://www.deccanherald.com/business/union-budget/budget-2021-where-india-stands-on-divestment-and-where-it-is-headed-944593.html" target="_blank">Budget 2021 | Where India stands on divestment and where it is headed</a></strong></p>.<p>While Rs 1.20 lakh crore was to come from stake sale in CPSEs, Rs 90,000 crore was to be mopped up from share sale in financial institutions.</p>.<p>As many as 4 CPSEs — Hindustan Aeronautics Ltd (HAL), Bharat Dynamics, IRCTC and SAIL— have come out with offer-for-sale (OFS) this fiscal year. This fetched Rs 12,907 crore to the exchequer.</p>.<p>Besides, initial public offering (IPO) by IRFC and Mazagon Dock Shipbuilders together fetched Rs 1,984 crore.</p>.<p><strong>Read | <a href="https://www.deccanherald.com/business/business-news/govt-not-going-back-on-privatisation-of-bpcl-air-india-932105.html" target="_blank">Govt not going back on privatisation of BPCL, Air India</a></strong></p>.<p>Moreover, selling of government stake in private companies held through SUUTI and other transactions garnered about Rs 1,837 crore. So far in current fiscal year, 4 state-owned companies -- RITES, NTPC, KIOCL, NMDC-- have completed share buyback which got Rs 2,769 crore to the exchequer.</p>.<p>A buyback, also known as a share repurchase, is when a company buys its own outstanding shares to reduce the number of shares available in the open market.</p>.<p>The government is also looking to sell its entire 26.12 per cent stake in Tata Communications Ltd (TCL), erstwhile VSNL, through OFS and strategic sale route in the current fiscal.</p>.<p>The process of privatisation of Air India, BPCL, Pawan Hans, BEML, Shipping Corp, Neelachal Ispat Nigam Ltd, and Ferro Scrap Nigam Ltd (FSNL) is underway.</p>
<p>The government has garnered Rs 19,499 crore through CPSE disinvestment and share buyback so far in 2020-21, as against the Rs 2.10 lakh crore budget target set for the entire fiscal year ending March 31.</p>.<p>With Covid-19 related delays impacting big-ticket strategic sales and listing of insurance behemoth LIC, the government is likely to miss the budgeted disinvestment target by a wide margin in this financial year.</p>.<p>Finance Minister Nirmala Sitharaman had in her budget for 2020-21 set a target of raising Rs 2.1 lakh crore from privatisation, sale of minority stakes in state-owned companies and share buyback by CPSEs.</p>.<p><strong><a href="https://www.deccanherald.com/business/union-budget/budget-2021-where-india-stands-on-divestment-and-where-it-is-headed-944593.html" target="_blank">Budget 2021 | Where India stands on divestment and where it is headed</a></strong></p>.<p>While Rs 1.20 lakh crore was to come from stake sale in CPSEs, Rs 90,000 crore was to be mopped up from share sale in financial institutions.</p>.<p>As many as 4 CPSEs — Hindustan Aeronautics Ltd (HAL), Bharat Dynamics, IRCTC and SAIL— have come out with offer-for-sale (OFS) this fiscal year. This fetched Rs 12,907 crore to the exchequer.</p>.<p>Besides, initial public offering (IPO) by IRFC and Mazagon Dock Shipbuilders together fetched Rs 1,984 crore.</p>.<p><strong>Read | <a href="https://www.deccanherald.com/business/business-news/govt-not-going-back-on-privatisation-of-bpcl-air-india-932105.html" target="_blank">Govt not going back on privatisation of BPCL, Air India</a></strong></p>.<p>Moreover, selling of government stake in private companies held through SUUTI and other transactions garnered about Rs 1,837 crore. So far in current fiscal year, 4 state-owned companies -- RITES, NTPC, KIOCL, NMDC-- have completed share buyback which got Rs 2,769 crore to the exchequer.</p>.<p>A buyback, also known as a share repurchase, is when a company buys its own outstanding shares to reduce the number of shares available in the open market.</p>.<p>The government is also looking to sell its entire 26.12 per cent stake in Tata Communications Ltd (TCL), erstwhile VSNL, through OFS and strategic sale route in the current fiscal.</p>.<p>The process of privatisation of Air India, BPCL, Pawan Hans, BEML, Shipping Corp, Neelachal Ispat Nigam Ltd, and Ferro Scrap Nigam Ltd (FSNL) is underway.</p>