The government will kick start its disinvestment programme for the current fiscal from June with stake sale in steel major Rashtriya Ispat Nigam Ltd through an initial public offering that could fetch about 2,500 crore rupees to the exchequer.

Disinvestment Secretary Mohammad Haleem Khan told PTI, that they would be filing the draft papers for 10 per cent stake sale in RINL in the first two weeks of May. The IPO will hit the market in June. Earlier in January, the Cabinet Committee on Economic Affairs had approved 10 per cent disinvestment in RINL.