20/04/2024
The Government’s disinvestment programme will be in full force and the Government will try to raise on an average Rs 12000 crores every month from hereon to meet its target of around 105000 crores. Lot of banks like Axis Bank, SBI are expected to raise around Rs 30000-35000 crores. More banks will come up for further equity issuances. The issuances as a result of higher minimum public holding of 35% stipulated in the budget will bring at least Rs 4 lakh crores of fresh paper. Add to that the continuous supply of paper from other private enterprises both new and old and we have lot of paper supply coming in.