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DISINVESTMENT DEPARTMENT
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 department to frame guidelines for sale of enemy sharesThe Union Cabinet, chaired by Prime Minister Narendra Modi, last week gave 'in-principle' approval for sale of shares which are part of 'en...
- 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...
- Disinvestment department awaits policy on strategic sale"It is unlikely that we would be able to do strategic sales this year but once the policy is finalized it would definitely help in the subs...
- Department of Disinvestment to appoint bankers for NHPC sake saleIMG on disinvestment met last Friday and approved selling 11.36 per cent in NHPC through an Offer For Sale (OFS), an official source said.
- 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...
- DK Mittal gets additional charge of disinvestment department from governmentGovt gave DK Mittal additional charge of the disinvestment department, a move that may shore up floundering disinvestment programme.
- Government defers decision on PSU disinvestment through buybackCabinet deferred a decision on proposal of Disinvestment Department to raise Rs 40,000 crore from divestment of PSUs through buyback and ot...
- Disinvestment Department for speedy appointment of independent directors in PSUsThe Disinvestment Department wants ministries concerned to fast track appointment of independent directors in PSUs like BHEL and RINL, so t...
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