Govt on track to top Rs.50k crore from PSU stake sales, IPO push
New Delhi, Oct. 24 -- The Central government is on track to exceed its estimates for miscellaneous capital receipts (MCR) in fiscal year 2026 (FY26) to over Rs.50,000 crore, buoyed by a pipeline of offers for sale, strategic stake sales, and possible initial public offerings (IPOs) in state-run companies, two people aware of the matter said.
The long-awaited sale of the government's and Life Insurance Corp.'s combined 94% stake in IDBI Bank is expected to be completed within the fiscal year, the people said.
An IPO of a public sector firm in the natural resources space is expected, which could involve either a state-run enterprise or one of its subsidiaries, depending on market conditions, the people added. The Centre also expects significa...
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