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Government likely to fall short of revised divestment target by Rs 13,000 crore

With a week to go for the financial year to end, the government is set to fall short of its revised divestment target of Rs 65,000 crore by a little over 20%, even as officials expect some deals to close this month.Proceeds from divestment including offers for sale, equity traded funds and buybacks, stood at Rs 35,537.32 crore as of March 12, officials said, adding that an additional Rs 15,000 crore is expected from NTPC’s buyout of NeepCo and THDC and the sale of Kamarajar Port Ltd. to Chennai Port Trust.“(Proceeds of) THDC and NeepCo will happen in the coming days. Kamarajar Port will also happen,” an official said, asking not to be identified. “But this year’s targets cannot be met.”While a few share buybacks from public sector units are.....

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