With the equity markets having come off their historic lows in March 2009, there are certain signs of recovery. However, this should not be of any concern to the Government as PSUs, being high quality paper, would always find ready investors if the pricing is reasonable. PSU disinvestment of 10% as per the Government's announced intentions, at attractive prices to retail investors, could ensure a strong message to the investment community about the Government's resolve to continue with reforms.
- Budget sets Disinvestment target of Rs. 72,500 crore