India raises $2 billion through PSU stake sales in Q1
after close1 source ↓written by the desknot a recommendation
- approximately
- $2 billion
- by divesting stakes
- ₹18,560 cr
- of all secondary
- 20%
In Q1 of FY 2026-27, the Indian government raised $2 billion (approximately ₹18,560 cr) by divesting stakes in six PSUs, including Coal India Ltd. and NHPC Ltd.. This initiative accounted for nearly 20% of all secondary equity market sales in India, reflecting a strategic move to bolster government finances.
The divestment is crucial for generating non-tax revenue, aiding in budget balancing without increasing taxes. This proactive approach may enhance market liquidity and investor sentiment in the PSU sector.
Not investment advice. For informational purposes only.