Sales of a 10 per cent stake in Coal India and five per cent in ONGC could be enough for the government to meet its target of Rs 36,925 crore from disinvestment in public sector undertakings. "These are low-hanging fruits. These are quality assets and there would be takers for these issues. It would be better if the government kick-starts their disinvestment right away," said Jagannadham Thunuguntla, chief strategist, SMC Global. The sale of the government's stakes in ITC, Larsen & Toubro and Axis Bank, held through the Specified Undertaking of the Unit Trust of India, may take place in the January-March quarter through an exchange traded fund comprising other blue-chip companies. "Procedural formalities have started and it will take three to four months to launch the ETF. It will be a basket of these three companies as well as some other PSUs," said the first official quoted above. The sale of residual stakes in Hindustan Zinc and Balco can fetch the government much more than the targeted Rs 15,000 crore.