According to the Disinvestment Secretary Mr. Sumit Bose, the government will go for a flexible plan towards opting for the anchor investor route for the huge public issues of Shipping Corporation, SAIL, Hindustan Copper and Power Grid.

Mr. Bose said in a statement on Monday that the SEBI had given them the option to include anchor investors and he also said that they would keep the option opened till the very last minute just like in the case of CII.

In a response to the queries on crowding out the capital market he said that each of the big issues was scheduled to hit at the rate of one in a month. He also cleared that they did not want to crowd out the private sector.

The government wants to mop up Rs. 40,000 crore as disinvestment proceeds during this financial year and Mr. Bose said the target was expected to be achieved in time.

The mopped up amount has reached to Rs. 2,000 crore so far and the government is expecting the disinvestment proceeds to be over Rs. 17,000 crore after the CIL issue.