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.
| Company | Excess stake | Present value(In Crore) |
| LIC | 21.50% | ₹86,040 |
| Indian Overseas Bank | 21.38% | ₹17,080 |
| UCO Bank | 20.39% | ₹10,197 |
| IRFC | 11.36% | ₹9,888 |
| Punjab & Sind Bank | 23.25% | ₹7,360 |
| Central Bank of India | 18.08% | ₹7,150 |
| IDBI Bank Ltd. | 19.71% | ₹6,813 |
| The Fertilisers and Chemicals Travancore Ltd. | 15% | ₹5,154 |
| KIOCL Ltd | 24.03% | ₹4,429 |
| Mazagon Dock Shipbuilders Ltd | 9.83% | ₹3,781 |
| SJVN Ltd. | 11.77% | ₹3,281 |
| Bank of Maharashtra | 11.46% | ₹3,247 |
| ITI Ltd. | 15.28% | ₹2,411 |
| Bank of India | 6.41% | ₹2,268 |
| Indian Bank | 4.86% | ₹2,006 |
| MMTC Ltd. | 14.93% | ₹1,189 |
| Union Bank of India | 1.99% | ₹1,132 |
| HMT Ltd. | 18.69% | ₹797 |
| NLC India Ltd. | 4.20% | ₹614 |
| Madras Fertilizers Ltd. | 10.27% | ₹130 |
| State Trading Corporation Of India Ltd | 15% | ₹99 |
| Scooters India Ltd | 18.87% | ₹47 |
Written by Omkar S Chitnis
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