Govt raised â¹77,417 cr from stake sale in state-run firms in 2018
The government raised â¹77,417 crore from stake sale in public sector units in 2018. The disinvestments include Oil and Natural Gas Corporation's (ONGC) acquisition of government's 51.1% stake in Hindustan Petroleum for â¹36,915 crore and the stake sale in Coal India for around â¹5,300 crore. However, the government was unsuccessful in selling a 74% stake in cash-strapped Air India.