{
  "id": 16219710,
  "title": "Asset monetisation to continue: DIPAM",
  "url": "https://urgent.news/2026/10/23/asset-monetisation-to-continue-dipam",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-23T18:51:12.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/news/economy/policy/target-reached-but-asset-monetisation-to-continue-dipam-secretary-arunish-chawla/articleshow/135153825.cms"
  },
  "original_language": "en",
  "account": "Mumbai: The Union government will persist with its plan to monetise assets through offer for sale (OFS) deals and reduce its stake in public-sector banks for the remainder of the fiscal, regardless of achieving its divestment targets this year, according to Department of Investment and Public Asset Management (DIPAM) secretary Arunish Chawla. The government aims to introduce a second public Infrastructure Investment Trust (InvIT), prepare three companies for IPOs, and lower shares in public-sector banks to near 75% ownership, Chawla revealed. Ten national highways have already been shortlisted as the main asset for the second public InvIT, which is expected to be finalized before the fiscal year ends. The government has already generated Rs 9,500 crore by monetising highway assets via the Raajmarg Infra Investment Trust (RIIT), which debuted in March 2026. Public sector banks holding more than 75% government shares are targeted for stake reduction, with the central government currently owning over 90% in Punjab & Sind Bank, Indian Overseas Bank, and UCO Bank.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}