New Delhi, Aug. 10 -- The government is on course to meet its Rs.80,000-crore asset sales target for FY27, after missing similar goals in recent years, driven by an aggressive offer-for-sale (OFS) programme.

The government has raised Rs.51,787 crore so far this financial year through stake sales in public sector companies, according to official data reviewed by Mint, with a bulk of the proceeds coming from the share sale in Life Insurance Corporation of India Ltd (LIC).

The OFS proceeds alone amounted to 64.7% of the Rs.80,000-crore target set in the Union Budget under miscellaneous capital receipts. When Rs.6,366.93 crore raised through asset monetisation is added, the amount mobilised through these two routes rises to Rs.58,154 crore,...