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DIPAM APPROVAL PROCESS
India eyes more FDI, speed up divestment, asset monetisation as economy faces external risksIndia's government is set to accelerate reforms, focusing on attracting foreign investment and divesting assets. This strategy aims to main...- 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 ...
- Government okays Skymap Pharmaceuticals' Rs 121-cr bid to buy IMPCLThe government has approved the sale of Indian Medicines Pharmaceutical Corporation Ltd. Skymap Pharmaceuticals Pvt Ltd will acquire the co...
- MTNL board approves 10-year service pact with BSNLThe board "accorded its approval to enter into a service agreement between BSNL and MTNL for a period of 10 years or unless it is revoked e...
- MTNL enters 10-year service agreement with BSNLMahanagar Telephone Nigam Limited (MTNL) announced key decisions after a board meeting, including entering a service agreement with BSNL. I...
- No delay over IOC-Mercator petroleum deal: DIPAMThe Department of Investment and Public Asset Management (DIPAM) clarified that it was not consulted for Indian Oil Corp's acquisition of M...
- Indian Oil's Mercator buyout delayed beyond NCLT timelineIOC is awaiting the go-ahead from the Department of Investment and Public Asset Management (DIPAM), which is the administrative platform fo...
- PFC, REC seek DIPAM nod for debt resolution plan for KSK MahanadiThe state-owned lenders, with NTPC Ltd as the technical partner, had earlier given expression of interest for the 1,800 MW coal-based power...
- Strategic sale of Pawan Hans called off as winning bidder disqualifiedThe strategic disinvestment of Pawan Hans was called off on Monday by the government after bidding consortium Star9 Mobility Pvt Ltd was di...
- Govt invites bids for privatisation of NMDC's Nagarnar Steel PlantNISP is in the process of being demerged from NMDC into a separate company NMDC Steel Ltd (NSL). Subsequent to demerger, shares of NSL will...
- CPSEs to execute sale of units having Cabinet nod for privatisation; guidelines soon: DIPAMDIPAM, in an office memorandum dated June 1, said that the strategic sale proposal of any CPSE (Central Public Sector Enterprise) unit whic...
- Govt invites bankers’ bids for LIC IPOThe Cabinet last week approved LIC’s IPO, which is set to be the biggest and several estimates show that it could raise up to Rs 90,000 cro...
- Govt extends deadline for transaction, legal advisors to bid for managing IDBI Bank sale till July 22The Department of Investment and Public Asset Management (DIPAM) had on June 22 invited bids from merchant bankers and law firms for managi...
- Govt seeks financial bids from property consultancy firms for monetising MTNL assetsDIPAM added that the consultancy firms empanelled will be required to prepare the 'Feasibility Report' in about three weeks for each of the...
- BPCL asset valuer asked to submit valuation of company in 50 daysThe CCEA had on November 20 given a go-ahead for sale of govt's entire stake in BPCL.
- Cabinet approves new strategic disinvestment processOfficials said strategic sale may involve two-stage bidding beginning with an expression of interest.
- Government sells 'enemy properties' worth Rs 1,874 crore in AprilIn March 2019, the Cabinet cleared the mechanism for monetisation of immovable 'enemy property' assets held under the custody of the Custod...
- CPSE asset monetisation to start from AprilThe Cabinet has already approved strategic sale of about 2 dozen central public sector enterprises.
- 35 CPSEs lined up for strategic sale, DIPAM streamlining processes for faster executionTaking a cue from the ongoing strategic sale of Pawan Hans, DIPAM is keen that the long-drawn sale process of CPSEs be simplified.
- Twelve PSUs to be put on block as selloff gathers steamCompanies identified include National Textile Corporation, Fertilisers and Chemicals Travancore, Hindustan Antibiotics, Scooters India and ...
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