Disinvestment kitty hits Rs 53,558 cr

NEW DELHI: The government's disinvestment proceeds have touched Rs 53,558 crore so far this fiscal, as against the full year budget target of Rs 80,000 crore. Last week, Rs 10,000 crore came in from Bharat-22 ETF and, another Rs 5,379 crore from the sale of Specified Undertaking of Unit Trust of India (SUUTI) stake in Axis Bank. The government has sold 3 per cent stake in Axis Bank held via SUUTI through an offer for sale (OFS) and raised about Rs 5,300 crore. Besides, the additional offering or Bharat22 Exchange Traded Fund (ETF) garnered about Rs 10,000 crore. The issue got bids worth Rs 49,528 crore, with foreign investors pouring in Rs 38,000 crore.