"We have got multiple financial bids for Pawan Hans, we have to go further on that process. Shipping Corp, BEML and BPCL are in financial bids stage. HLL Lifecare and PDIL are in EoI stage. Besides, next fiscal we will go for listing of ECGC, WAPCOS and National Seeds Corporation and some minority stake sale, but there we might have less bandwidth," Pandey stated.
He further added, "we have to see if we can manage. We are yet to open the bids and then some time would be required for getting approvals".
"That is the reason for rationalising the target, because there are no easy pickings. We only sell the equity value, that's the government receipt as debt goes (to buyers) along with the company. When we say disinvestment target it is an accounting term, it is not real term".
"We are into a difficult area and it is much more important for us that certain number of transactions they get carried out. We don't want market cap of our PSUs to artificially go down just because we are wanting to plug our budget numbers," Pandey said.
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