ASSOCHAM
New Govt. can raise Rs 1 lakh crore by divesting in top 10 PSUs: ASSOCHAM The new government can easily raise Rs 1 lakh crore by divesting 10 percent or more of stake in top 10 PSUs, including ONGC, Coal India and NTPC to overcome the immediate problems of budgetary revenue in the face of economic slowdown, a study by ASSOCHAM has said. It said the top 10 PSUs which can be divested to raise rich resources at today’s market capitalisation include ONGC, Coal India, State Bank of India, NTPC, Indian Oil Corporation, NMDC, Power Grid Corporation and BHEL. The combined market capitalisation of these companies including Bank of Baroda exceeds Rs 11 lakh crore as the market is riding the wave of FIIs inflows built on decisive new government. “If the results of elections are for stable government, the market capitalization of these companies can easily go up by another 15-20 per cent raising prospects for better realizations for the government from minority di...