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PUBLIC SECTOR DISINVESTMENT
Govt to sell up to 2% stake in IRFC via OFS; issue opens WednesdayThe government will launch an OFS in IRFC on Wednesday, offering up to a 2% stake through a base issue and greenshoe option. The share sale...
West Bengal govt eyes Calcutta Stock Exchange revival to reclaim financial hub statusKolkata's historic stock exchange is set for a revival, with the state's finance minister vowing to restore the city's financial capital st...
Find the best point of exit to sell PSUsGovernment disinvestment is off to a good start this fiscal year. Small stake sales in public sector undertakings are generating revenue. T...
GIC shares dip 4% as Rs 3,088 crore OFS opens for retail investors. Should you participate?General Insurance Corporation of India shares saw a dip as the government initiated an Offer for Sale. Retail investors can now bid for a s...
Govt needs to revive NITI Aayog's PSU, PSB privatisation program: Arvind PanagariyaFormer NITI Aayog vice chairman Arvind Panagariya urges the government to revive privatization of public sector undertakings and banks. He ...
Govt raises nearly Rs 20,000 crore through disinvestment, asset sales as West Asia conflict swells subsidy burdenThe Centre has raised nearly Rs 20,000 crore through stake sales and asset monetisation in the first two months of this financial year. Thi...
NHPC offer plugs into green energy appeal, more suited for patient playNHPC's offer for sale is underway. Analysts suggest it offers long-term potential for patient investors. The government is divesting up to ...
NHPC OFS subscribed nearly 3.5 times on Day 1, Govt to exercise green shoe optionThe government on Monday announced to sell up to 6 per cent stake in NHPC via OFS at a floor price of Rs 71 per share.
Govt to exercise greenshoe option after Coal India OFS draws Rs 19,000 crore bids on first dayStrong institutional demand prompted the government to exercise the oversubscription option in Coal India’s offer-for-sale. Investors place...
PSU closure: Govt sets in motion new move after years wasted in stop-start processThe Centre is pushing ministries to accelerate the closure of unprofitable state-owned companies. Progress has been slow despite a policy a...
Govt to sell additional 4% stake in Central Bank of India after OFS subscribed 2.36 times; retail bidding opens on MondayThe Indian government is selling more shares of Central Bank of India. Investor demand was strong, leading to an increase in the stake sale...
Assets monetisation in focus to bridge potential selloff gapAmid market volatility linked to the Iran conflict and delays in the IDBI Bank sale, the government plans to accelerate asset monetisation ...
Privatisation will bring ground level benefits in the economy, induce growth: DIPAM secretaryGovt will need to have a deeper engagement with investors on strategic divestment, which has taken a back seat due to travel restrictions i...
Three cyclical themes to chase as economies start recovering globally‘The stimulus coming in upfront globally has helped a lot’
- An unwise move...
Appointing retired bureaucrats as independent directors in public sector cos to hit the market soon is not justified.
- PSUs jittery about 25% float norms
The department of disinvestment has sought a review of the recent norms that make it mandatory for all listed firms to have at least 25% pu...
- Government committed to public sector disinvestment: PM
Prime Minister Manmohan Singh Monday said the government would go in for disinvestment of public sector undertakings.