Govt lines up PSU stake sales to cushion budget hit from oil
Published on: July 2, 2026, 12:09 p.m. | Source: The Economic Times
India is accelerating plans to divest stakes in major state-owned entities, including the nation's largest insurer, Life Insurance Corp., to boost public finances. Hindustan Zinc and several banks are also slated for stake sales. Officials are actively engaging with investment bankers to gauge market appetite and finalize offerings, aiming to raise significant funds to support the government's fiscal goals.
