The government is planning divestments in at least 5 public sector undertakings including Maruti, Balco, Bhel, Oil India and Powergrid in the next few months as part of efforts to raise Rs 5,000-7,000 crore (Rs 50-70 billion) in 2005-06.
The divestment proceeds could surpass the budget target this year due to the upcoming initial public offerings of ONGC and GAIL, though the current bull phase in stock markets did not fuel the primary markets in 2003, NCAER said on Wednesday.
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