As part of its disinvestment plans via stake sale in public enterprises during this fiscal, government will sell 15 per cent of its shareholding in Hindustan Copper Ltd, Parliament was informed on Friday.
According to budget estimate for 2015-16 fiscal, government targets to garner Rs 69,500 crore through divestment.
This will comprise Rs 41,000 crore from disinvestment of central public sector enterprises (CPSEs) and Rs 28,500 crore from strategic divestment. "The proposal for disinvestment of 15 per cent paid up equity of the Hindustan Copper Ltd (HCL), out of government's shareholding of 89.95 per cent has been approved by the government," Minister of State for Finance Jayant Sinha said in a written reply in
Lok Sabha. Replying to a question on All India Radio, he said "There is no proposal for disinvestment of the All India Radio."