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DEPARTMENT OF DISINVESTMENT
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...- Strong consumption keeps growth steady amid Iran war cost concernsIndia's economy shows steady growth driven by domestic demand. The West Asia conflict presents challenges like higher oil prices. The gover...
- GDP growth momentum intact, no need for additional borrowing so far: Govt sourcesIndia's economy is navigating external challenges like rising import costs. However, domestic consumption remains strong, ensuring growth m...
- Hindustan Zinc shares tumble 5% to 6-week low after report of govt's plan to sell 2% stake for Rs 5,000 croreHindustan Zinc shares fell sharply on Friday after a report said the government may sell up to a 2% stake in the company to raise around Rs...
- 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.
- IDBI Bank stake sale back on table; Centre explores revival optionsThe bids remain ‘alive’ and the government is examining legal provisions under the tendering framework that allows for bids to be accepted ...
- 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...
- Mahanadi Coalfields gets govt nod for IPO; Coal India to dilute up to 25% stakeThe government approved the listing and disinvestment of Mahanadi Coalfields through an IPO, enabling Coal India to dilute up to 25% stake....
- Govt reviews divestment plans, IDBI Bank stake saleGovt officials are reviewing the IDBI Bank disinvestment strategy. This comes after weak investor interest and market volatility impacted t...
- Monitoring monetisation targets: A scalable InvIT approachFacing fiscal challenges, the government can leverage Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) t...
- Income Tax dept seeks details from NRIs, offshore firms on unlisted share deals, flags valuation and fund source concernsIndia’s tax department has asked NRIs and offshore entities to justify investments in unlisted shares, seeking details on fund sources and ...
- Disinvestment kitty swells to Rs 34,800 crore this yearPrime Minister Narendra Modi has sought to transform the Disinvestment Department from a mere seller of government stake in central PSUs to...
- Department of Disinvestment wants disinvestment target to be scaled down to Rs 30,000 croreDoD wants that PSU stake sale target for the current fiscal be more than halved to Rs 30,000 crore in view of volatility in the stock marke...
- Rs 30,000 crore more realistic target for disinvestment, says Department of DisinvestmentDepartment of Disinvestment has told Finance Ministry it may be able to raise only about Rs 30,000 crore given the volatile market conditio...
- Finance Ministry to use Facebook, Twitter to push disinvestmentGovernment is looking at using the social media platforms, including Facebook and Twitter, in a big-way to generate interest in its disinve...
- Disinvestment Department meets Steel Minister, merchant bankers on SAIL disinvestmentKick starting the process of 5% stake sale in SAIL, the Disinvestment Dept today held meeting with merchant bankers and steel ministry offi...
- 5 pc quota likely for retail investors in offer for saleThe Department of Disinvestment is working on tweaking the offer-for-sale (OFS) mechanism for PSU stake sale by carving out a separate 5% c...
- Department of Disinvestment favours e-auction route for outright sale of PSUsThe Department of Disinvestment favours e-auction route for outright sale of ailing PSUs, as it would help govt fetch better price.
- Department of Disinvestment wants smaller PSUs to hit market for over 10% stake saleDoD has asked small PSUs, which intend to hit capital markets, to come with initial public offering of more than 10% of their paid-up capit...
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