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FY22 divestment receipts may drop to 10-year lows if LIC IPO slips into next fiscal

“Shravan Shetty, MD at Primus Partners said divestment proceeds were also hit because a larger part of the government’s attention went into the privatization of Air India and thus, less time was available to handle large ticket strategic sales including those of renowned names like Shipping Corporation, BPCL, Concor etc”.