The government aims to raise a record Rs 1.05 lakh crore through disinvestment in 2019-20, up from Rs 85,000 crore raised last fiscal.
ICICI Securities and SMC Capitals are in the fray to become advisors for the creation of financial sector Exchange Traded Funds (ETFs).
A DIPAM (Department of Investment and Public Asset Management) notice said both these firms will make presentations on Wednesday and the bids will open thereafter.
The proposed ETF would comprise shares of listed state-run entities such as banks (PSBs), insurance companies and financial institutions.
So far, the government has raised around Rs 38,000 crore in five tranches from Central Public Sector Enterprises (CPSE) ETF and Rs 32,900 crore from Bharat-22 ETF.
There are 11 state-run companies in the CPSE ETF and 16 public sector companies in Bharat-22 ETF. Both the funds are listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Nineteen advisory firms will also make presentations on August 8 and 13 for the proposed monetisation of land and properties of CPSEs and other PSUs and government organisations.
CBRE South Asia, RITES, Boston Consulting Group, Crisil Risk and Infrastructure, Cushman & Wakefield, Knight Frank India, Feedback Infra, Anarock Properties, JLL Property Consultant, PircewaterHouse Coopers, Delhi Integrated Multimodal Transit Systems, Colliers International, KPMG Advisory Services, Ernst & Young LLP, India Deloitte Touche Tohmatsu India LLP are among the bidders who will make presentations.
( With inputs from IANS )