Lok Sabha Question No. 1612 (UNSTARRED), answered on 2020-03-02
Subject: Disinvestment of CPSEs
Ministry: FINANCE
Asked by: Sisir Kumar Adhikari, Sougata Ray

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF INVESTMENT AND PUBLIC ASSET MANAGEMENT

## LOKSABHA UNSTARRED QUESTION NO. 1612

TO BE ANSWERED ON MONDAY, MARCH 2,2020 PHALGUN 12, 1941 (SAKA)

## Disinvestment of CPSEs

## 1612. SHRI SISIR KUMAR ADHIKARI, HON'BLE MP PROF. SAUGATA RAY, HON'BLE MP

Will the Minister of Finance be pleased to state:

- (a) whether the Government proposes to trench the Central Public Sector Enterprises (CPSEs) of the country in a phased manner from the beginning of this year, 2020;
- (b) if so, the details of the plan thereof and the quantum of Exchange Traded Funds (ETFs) that would be raised from the said CPSEs;
- (c) the details oflist ofCP~Es to be taken under Bharat 22 ETFs; and
- (d) the details of the net share of Government in such CPSEs?

## ANSWER

## THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI ANURAG SINGH THAKUR)

(a) : The policy of disinvestment of minority stake without transfer of management control is being followed through various SEBI-approved methods such as Initial Public Offer(IPO), Offer for Sale (OFS), Buyback of shares and Exchange Traded Funds (ETFs) offers. Disinvestment is an ongoing process. Timing of disinvestment transaction depends on the prevailing market condition and the investors' interest.

(b) During the current financial year, through the ETF mode, Further Fund Offer (FFO) -5 and FFO-6 ofCPSE-ETF yielded Rs 10,000.39 crore and Rs 16,500 crore in July 2019 and January 2020 respectively. FFO-2 ofBharat-22 ETF fetched Rs 4,368 crore in October 2019. In aggregate, ETFs have yielded Rs. 30,868.39 crore in 2019-20.

(c): At present, Bharat 22 ETF consists of equity of 15 CPSEs, 3 PSU banks and 3 private companies.

(d): The net shares of Govt. in CPSEs included in the Bharat-22 ETF are given in table 1 below:

Table 1

|   S.No. | CPSEs                        | Net share of Govt. of India   |
|---------|------------------------------|-------------------------------|
|       1 | Bharat Electronics Ltd       | 51.13%                        |
|       2 | Bharat Petroleum Corp Ltd    | 52.98%                        |
|       3 | Coal India Ltd               | 66.14%                        |
|       4 | Engineers India Ltd          | 51.50%                        |
|       5 | Gail India Ltd               | 51.76%                        |
|       6 | Indian Oil Corp Ltd          | 51.50%                        |
|       7 | National Aluminium Co Ltd    | 51.50%                        |
|       8 | NBCC (India) Ltd             | 61.75%                        |
|       9 | NHPC Ltd                     | 70.95%                        |
|      10 | NLC India Ltd                | 79.20%                        |
|      11 | NTPC Ltd                     | 51.02%                        |
|      12 | Oil & Natural Gas Corp Ltd   | 60.41%                        |
|      13 | Power Finance Corp Ltd       | 55.99%                        |
|      14 | Power Grid Corp of India Ltd | 51.34%                        |
|      15 | SJVN Ltd                     | 59.92%                        |