Question : EQUITY BY IDBI



(a) whether the Government propose to direct IDBI to off-load its equity on a carefully considered time schedule in non-strategic units;

(b) if so, whether a huge funds of IDBI are locked up as equity in such units;

(c) whether any time table has been drawn up by IDBI to off-load equity from non-priority sectors;

(d) if so, the details thereof; and

(e) if not, the reasons therefor?

Answer given by the minister

THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI BALA SAHEB VIKHE PATIL)


(a) No, Sir.

(b) As on March 31, 2000 IDBI`s investment in industrial companies was Rs.1579.4 crore.

(c) No, Sir.

(d) & (e) Does not arise.