The Union government can unlock nearly Rs 1.75 lakh crore if it plans on monetizing its excess stake in these companies ranging from India’s Largest Insurance company LIC to Scooters India Ltd. 

The Indian government’s surplus holding in LIC is worth more than Rs 86,000 crore as per the September 20 closing price. The Indian Overseas Bank, in which the government has an excess share of Rs 17,000 crores, is followed by UCO Bank, in which the government has a surplus stake of Rs 10,000 crores. 

The excess stake in 22 companies is now worth Rs 1.75 lakh crore as of September 20’s closing price of these companies. The list excludes MRPL since the company’s promoters are ONGC and HPCL, not the President of India. Among the 22 companies, 10 have a government stake of more than 90 percent. 

List of 22 companies in which the government holds more than 75% stake.

CompanyExcess stakePresent value(In Crore)
Indian Overseas Bank21.38%₹17,080
UCO Bank20.39%₹10,197
Punjab & Sind Bank23.25%₹7,360
Central Bank of India18.08%₹7,150
IDBI Bank Ltd.19.71%₹6,813
The Fertilisers and Chemicals Travancore
KIOCL Ltd24.03%₹4,429
Mazagon Dock Shipbuilders Ltd9.83%₹3,781
SJVN Ltd.11.77%₹3,281
Bank of Maharashtra11.46%₹3,247
ITI Ltd.15.28%₹2,411
Bank of India6.41%₹2,268
Indian Bank4.86%₹2,006
MMTC Ltd.14.93%₹1,189
Union Bank of India1.99%₹1,132
HMT Ltd.18.69%₹797
NLC India Ltd.4.20%₹614
Madras Fertilizers Ltd.10.27%₹130
State Trading Corporation Of India Ltd15%₹99
Scooters India Ltd18.87%₹47

Written by Omkar S Chitnis

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