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DISINVESTMENT PROCEEDS
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 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...
- 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 ...
- 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 ...
- IDBI Bank divestment scrapped? LIC, govt-owned bank clarifies after stock tanksIDBI Bank has responded to media speculation regarding the government's proposed majority stake sale. The bank stated it cannot confirm or ...
- Govt rakes in Rs 4.37 lakh cr via disinvestment since FY15: MoS for finance Pankaj ChaudharySince FY15, the Indian government has raised Rs 4,37,442 crore through disinvestment, with Rs 3,30,049 crore from minority stake sales in s...
- Government exceeds FY23 RE target of combined disinvestment, dividend mop upThe revised estimates (RE) had pegged receipts from disinvestment and dividend at Rs 93,000 crore. In 2022-23, dividend receipts stood at R...
- Disinvestment proceeds touch Rs 53,558 croreThe government has sold as much as 3 per cent stake in Axis Bank held via SUUTI through OFS.
- Government raises Rs 30,000 crore via disinvestment proceedsIn this fiscal, the government has budgeted around Rs 56,500 crore from disinvestment proceeds, of which Rs 20,500 crore was to come throug...
- Disinvestment proceeds spent only to meet fiscal deficit: CPI-MYechury said disinvestment proceeds were only spent to meet fiscal deficit instead of being used for capital expenditure & social sector sc...
- Disinvestment proceeds from CIL to be invested in PSU banks: P ChidambaramP Chidambaram has said the disinvestment proceeds of about Rs 20,000 crore from Coal India will be invested in public sector banks.
- Encourage retail participation in disinvestment: Par panelA Par panel has asked the govt to promote retail participation instead of selling shares of PSUs to institutions through the Offer For Sale...
- Disinvestment proceeds to fund PSUs, banks, insurers: Finance MinistryAlso, the fund will be used for preferential allotment of CPSE shares to promoters so that government holding does not go down below 51 per...
- Budget 2013: ICRA expects government to raise Rs 300 bn through disinvestment proceedsRatings agency ICRA expects the budget 2013 to raise Rs 300 billion through disinvestment proceeds in the coming fiscal year.
- Proceeds from national investment fund to be used to recapitalise PSU banksNIF corpus on August 2012 stood at Rs 1,814.45 cr, garnered from the disinvestment proceeds of Power Grid Corporation and REC.
- Govt to plough back disinvestment funds into PSUsIn a move to strengthen the PSUs, government proposes to plough back funds raised through disinvestment proceeds into the state-owned firms.
- Disinvestment proceeds used for funding social welfare programmesProceeds from the disinvestment of government's stake in PSUs were used to fund various social welfare programmes like MGNREGS, Praful Pate...
- Govt's disinvestment kitty set to cross Rs 1 lakh crore markThe government's disinvestment proceeds from all its asset sales are set to cross Rs 1 lakh crore with its share sale in Power Fin Corp sch...
- Selloff money to go to National Investment FundThe government on Friday said the disinvestment proceeds of public sector NHPC and Oil India Ltd (OIL) would be credited to the National In...
- No target for disinvestment proceeds, says ShourieDisinvestment Minister Arun Shourie on Friday indicated that the government had virtually discarded the Rs 12,000 crore target to be realis...
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