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DISINVESTMENT STRATEGY
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...
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...
NLC India drops 3% even as gov OFS draws robust institutional demand; retail window opens todayNLC India shares fell sharply on Wednesday even as the government's Offer for Sale (OFS) attracted strong demand from institutional investo...
NLC India shares fall 3% as OFS worth up to Rs 1,263 crore opensThe government is set to launch an Offer for Sale (OFS) to divest up to 3% of its stake in NLC India, valued at approximately Rs 1,263 cror...
NLC India shares fall 3% as OFS worth up to Rs 1,263 crore opensNLC India shares dipped 3% as the government launched an Offer for Sale (OFS) to divest up to a 3% stake, aiming to raise Rs 1,263 crore. T...
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 ...
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...
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...
ET Awards: Sitharaman flags AI threat and global risks, says reforms on the way to support India Inc growthFinance Minister Nirmala Sitharaman is preparing new reforms to ease business compliance. She believes strong domestic consumption will hel...
Divestment, asset monetisation target for FY25 may be cut 40%The government is likely to reduce its disinvestment and asset monetisation target to less than ₹30,000 crore this fiscal from the budgeted...
Finance ministry following a calibrated disinvestment strategyIndia's finance ministry is strategically divesting stakes in public sector enterprises. This has boosted market capitalization by 3.6 time...
Financial bids for IDBI bank likely this fiscal; PSU banks sale on hold: DIPAM SecretaryThe government aims to receive financial bids for IDBI Bank by the end of this financial year, moving from the due diligence phase. DIPAM S...
Focus on value creation in CPSEs, not to push disinvestment just to meet targets: DIPAM SecretaryPandey said there has been an improvement in the performance of public sector entities and markets have started valuing these entities in a...
Government may relook at Air India stake sale strategy: Civil Aviation Secretary R N ChoubeyThe deadline for submission of Expression of Interest (EoI) ended today and did not elicit any response from potential bidders.
- Decision on disinvestment strategy ONGC, BHEL deferred
A decision on the disinvestment strategy for ONGC and BHEL was deferred after a meeting of the empowered group of ministers
- Finance ministry orders overhaul of government's disinvestment strategy
The government will need the Rs 40,000 crore it has budgeted from disinvestment if it has to meet its fiscal deficit targets.
- Government committed to modernising PSUs: PM
Emphasising the Central government's commitment to modernising and expanding PSUs, Prime Minister Manmohan Singh on Sunday said his governm...