Cabinet Committee of Economic Affairs (CCEA) approved 5 percent divestment on NTPC and 10 percent stake sale in Indian Oil.
Earlier this year, the government divested 5 percent stake in REC through the offer for sale route, mopping Rs 1,550 crore. It was subscribed 5.53 times with retail participation at 902 percent, finance minister Arun Jaitley said in a tweet.
In Budget 2015-16, FM has set divestment target at Rs 69,500 crore. This step is likely to fetch Rs. 8500 crores.