DIPAM Secretary Arunish Chawla said the government is confident of exceeding the disinvestment target of ₹47,000 crore this year. "As markets stabilise, we will bring in more OFS (offer-for-sale), minority stake sales, a few IPOs and speed up the journey," Chawla said. He further said government expects to conclude the strategic disinvestment of IDBI Bank in the current financial year.