divestment

Definition

The process by which a government sells off its stake in public sector companies or assets to generate capital.

Etymology

Derived from the Latin 'dis-' (away/off) and 'vestire' (to clothe), it originally meant to strip someone of their robes or authority. It evolved into the financial sense of removing or selling off capital assets or business interests.

In the news

In the article, the term refers to the government selling its holdings in public enterprises to raise funds, specifically highlighted as reaching a four-year high to address fiscal pressure caused by geopolitical conflict.

Benchmarks pare most gains; European market decline

Business Standard

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