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SBI - Approves Allotment Of Shares Worth Rs 5,681 Cr To GOI RUPEE AT CLOSE - Rupee Falls For Sixth Consecutive Week

“FY15 Divestment Target Achievable”

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March 24: In a push to shore up state finances, the government has raised over Rs.8,500 crore via sale of shares, taking its divestment receipts much over the Rs.16,000 crore target set for this year. Saloni Shukla shares a detailed report on the same. Also, while some analysts have criticised the last minute divestment rush, Jagannadham Thunuguntla of SMC Global Securities believes, that the government's FY15 target of Rs.36,000 crore is hardly a thing to worry about.