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Finance Ministry plans to transfer shares of some PSUs to SNIF to meet Sebi's public float normAs per the norms, PSUs were mandated to achieve the minimum 25 per cent public shareholding by August 21, 2017.- Finance Ministry may transfer 5 sick CPSE shares to SNIF fund to meet Sebi normThese companies have time till August 21 to meet the 25 per cent public shareholding norm.
- 42 CPSEs functioning without a regular chairman, MD: GovtBabul Supriyo said, "there are 42 central public sector enterprises (CPSEs) which presently do not have a regular Managing Director/ Chairm...
- 40 CPSEs do not have regular chief executive: GovernmentSome of the other CPSEs without regular chief executives are Hindustan Cables, Bramhaputra Valley Fertilizer Corporation, HMT, Eastern Coal...
- Government may float holding company to exit loss-making PSEsThe government may set up a holding company for loss-making staterun enterprises as part of its plan to exit such ventures.
- We’ll exceed disinvestment target if markets remain buoyant: Ravi Mathur, Disinvestment Secretary"The targets have to be achieved in the next eight months, so the road map will be drawn based on expected realisation and the need to spac...
- Deadline for PSUs to meet public shareholding norm expiresThe deadline for listed public sector companies to comply with market regulator Sebi's minimum public shareholding norms ended today.
- CCEA to discuss fund for loss-making PSUs to meet Sebi normsThe Cabinet is likely to consider a proposal to create a special fund that will buy shares of listed loss-making PSUs.
- Fund on anvil to help loss-making PSUs comply with Sebi normsThe Finance Ministry has circulated a draft Cabinet note for creation of a special fund which will buy shares of listed loss-making PSUs.
- Government to buy shares of seven loss making PSUs for Re 1, to meet SEBI normsThe government plans to buy shares of at least seven loss-making PSUs at 1 through a specially-created fund to help these entities.
- Collateral Damage: PSUs hit by MMTC sale at a discount of 72%The MMTC offering was subscribed 1.5 times at an indicative price of Rs 60.86 when the current market price is Rs 190 with the govt raising...
- Govt to fill senior level slots in 19 PSUsGovernment to fill board level positions in at least 19 public sector companies such as Scooters India, Nalco and Rashtriya Ispat Nigam Ltd...
- Sick PSUs told to list land banksThe government has asked all sick public sector enterprises (PSEs) to prepare an inventory of the real estate in their possession.
- Technical check with Shradul KulkarniShradul Kulkarni, Sr. Technical Analyst, Angel Broking (Technical Check)
- PSUs to be nursed back to health before saleIn order to boost its divestment proceeds, the government is now planning a mega recapitalisation process for sick PSUs.
- Losers outnumber winners in Q4While 112 cos have posted turnaround results in Q4, 170 cos have reported net losses for the same quarter.
- PSU performance hits new low in ’05-06Two news items which appeared in national dailies last Thursday are indicative of the government’s attitude towards the public sector under...
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