The UPA government has chalked out its divestment program for the year 2010-2011. It has targeted a collection of Rs 40,000 crs from the divestment. The first issue to be divested in the current year was SJVN Limited which sold 41.5 cr shares in a price band of Rs 23-26 with a 5% discount to retail investors. The issue received excellent response and even the retail portion was oversubscribed 3.11 times. The government is aware that for its divestment program to succeed participation from retail is of paramount importance and for that the pricing needs to be attractive. It also appears that the discount to retail would be available going forward as well.

The list of companies to be divested is as follows: –