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Govt needs to change tack to meet divestment target: Haldea

16 January, 2015 6:39 AM
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The divestment process so far this year has been disappointing and the government needs to change its approach if it has to meet its target this fiscal, feels primary market expert Prithvi Haldea.

In an interview with CNBC-TV18, Haldea says the government should sell the shares to retail investors at a 12-15 percent discount to market.

There will huge retail demand for the offerings since the shares will be offered at a discount and the companies have a solid track record.

Haldea expects the ONGC stake sale to be delayed, but sees Coal India divestment happening this fiscal itself.

He says the stake sales in Hindustan Zinc and Balco should not pose any problem.

Source: moneycontrol.com

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