Target reached, but asset monetisation to continue: DIPAM secretary Arunish Chawla
FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM
"We have already identified a cluster of 10 national highways, which will provide the underlying capital asset. So, the second public InvITs is in the works and hopefully before the close of this financial year, it will also come to fruition," Chawla said. "We are also bringing…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralNew InvITs and reduced state stakes in banks may affect equity supply and capital flows.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01A cluster of 10 national highways has been identified as underlying assets for a second public InvIT.
- 02The government is gradually reducing its stake in nationalised banks toward the 75% minimum public shareholding.
- 03Chawla said the asset monetisation path is moving ahead.