disinvestment
Noun
Meaning
the withdrawal of capital from a country or corporation
Source: WordNetSynonyms
Antonyms
Hypernyms
Examples
As part of the strategic disinvestment, Air India would also sell 100 per cent stake in low-cost airline Air India Express and 50 per cent shareholding in joint venture AISATS, as per bid document issued today.
Finance Minister Nirmala Sitharaman today said that the disinvestment proposals which have been cleared by the cabinet will be executed.
For the fiscal year 2020-21, the Centre has set a disinvestment target of ₹2.10 lakh crore.
Moreover, only about half of the budgeted disinvestment target of Rs 1.05 lakh crore was achieved.
“Redlining played a role in perpetuating a cycle of disinvestment in African American neighborhoods,” Bahls maintains.
The government is keen to close the sale before March 31, 2021, to help meet a record Rs 2.1 lakh crore target which Finance Minister Nirmala Sitharaman has set from disinvestment proceeds in the Budget for 2020-21.