₹1\,874-cr ‘enemy properties’ sold

Policy

₹1,874-cr ‘enemy properties’ sold

PTI New Delhi | Updated on April 30, 2019 Published on April 30, 2019

In a first, the government has sold ‘enemy properties’ worth ₹1,874 crore in April, as it seeks to fast-track the sale process of such assets to meet the ₹90,000-crore disinvestment target set for the current fiscal. The government has mopped up ₹2,350 crore as the disinvestment proceeds in the first month of 2019-20, of which ₹476 crore was on account of IPO of Rail Vikas Nigam Ltd and ₹1,874 crore from the sale of ‘enemy property’, according to data on the DIPAM Web site.

Published on April 30, 2019
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