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India raises Rs 62,000 crore, hits 78% of FY27 disinvestment target in 5 months

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The Indian government has mobilised over Rs 62,000 crore through disinvestment and asset monetisation in the first five months of FY27. This amount accounts for 78% of the total target set for the financial year in the Union Budget. A stake sale in Life Insurance Corporation was a major contributor to the funds raised. Several other public sector enterprises also saw partial government stake dilutions during this period. Authorities are additionally pursuing the strategic divestment of IDBI Bank as part of the broader programme.

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India raises Rs 62,000 crore, hits 78% of FY27 disinvestment target in 5 months · ShortSingh