Due to the havoc of Corona, not only the common people, but three-fourths of the companies are also forced to sell their properties. Consultancy firm EY’s annual survey said that three-quarters of companies had to consider selling assets other than their core assets. In the era of COVID, there was a liquidity crisis in front of most of the companies. Also, there was no money left for investment. So they were forced to think about selling their properties. EY did this survey among 30 companies.
73 percent companies said they are thinking of disinvestment
In the survey, 73 percent of the people who were asked the questions said that they are thinking of disinvestment in their companies in the next two years because they need capital to expand the business in this era of COVID crisis and at present it is not arranged. is visible. If the assets are disinvested on time, the capital requirement can be met for carrying on the business.
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Proper selection of property to sell is essential
According to Naveen Tiwari, partner, EY, such companies can focus on their core business by surviving in this period of crisis through disinvestment. At this time, the biggest challenge before the top executives of companies is how to choose the right time to sell their properties. 70 per cent of the companies said that they have kept their assets on hold for a long time. However, EY says that companies’ decision to sell assets should be viewed as a corporate strategy rather than a one-shot decision. It is only after a proper review of the company portfolio that a decision should be taken as to which assets can be sold or which cannot.
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