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DIVESTMENT GOAL
Will we K-Pop (desi remix)? How India can turn Tata, Adani, Reliance into global titansForeign companies are exiting India for various reasons, from business failures to global strategy shifts. India aims to build national cha...
Rs 1 lakh to Rs 14 crore in 24 years! Hindustan Zinc delivers 1,400x returns since Vedanta’s purchaseHindustan Zinc has delivered exceptional returns of 1,400 times since Vedanta acquired it in 2002. An initial investment of Rs 1 lakh has g...
Will Budget move the needle for stock market investors? 4 things to watch out forInvestors are hopeful that the Union Budget 2025 will deliver measures to revive consumption and economic growth. Key expectations include ...
Budget 2024: India's divestment target could be its lowest in nine years, say sourcesInterim Budget 2024: India may set a lower divestment target for state firms in fiscal 2024-25, falling short of this year's goal to be the...
Will Budget 2024 care to sell family silver as privatisation drive flops?The government is likely to miss its divestment targets for the fifth consecutive year, raising concerns about its privatisation plans. Dat...
India set to miss divestment targets yet again, this time by more than half: ReportIndia may fall short of its divestment goal by Rs 30,000 crore in 2023/24, according to government sources. The government had targeted Rs ...
Inox Green to divest 100% stake in Nani Virani SPVInox Green Energy Services (IGESL) has announced its divestment of a 100% stake in Nani Virani Wind Energy Private Limited SPV, a 50 MW ope...
India government must set moderate divestment targets, says DIPAM secretaryThe Indian government has set a 650 billion rupee ($7.89 billion) divestment and privatisation target for 2022/23, out of which it raised 2...
Tencent denies report it will sell down Didi, Meituan stakesTencent Chief Strategy Officer James Mitchell said last month that a Reuters report it intends to sell all or much of its stake in food del...
Will LIC IPO happen in FY22? Analysts expect lower divestment target in BudgetAnalysts have projected the divestment target for FY21 at around Rs 40,000-70,000 crore against the ambitious goal of Rs 2.1 lakh crore tar...
L&T sells UK marine tech arm Servowatch Systems to Rolls-RoyceL&T’s wholly owned subsidiary, Larsen & Toubro International FZE, runs an integrated marine automation solutions provider Servowatch System...
Divestment plan back on track; govt not planning more ETFs: DIPAMThe strategic disinvestment was back on track and several initial public offer (IPO) transactions are planned, said Pandey.
ET View: Govt must sell majority stake in non-strategic state owned companiesInstead, the govt should enter new areas such as aerospace, new generation drugs, and micro-electronics where the private sector does not h...
L&T stock to get a lift from the sale of non-core electrical businessOn Tuesday, L&T announced the sale of its E&A business to Schneider Electric for an all-cash consideration of Rs 14,000 crore.
Government to sell SAIL's 5.82% stake via auction, may rake in about Rs 1,564 croreA ministerial panel has approved sale of 5.82% stake in state-owned Steel Authority of India through the offer-for-sale route on March 22.
- Rashtriya Chemical, MMTC and Nalco stake sale likely by March 31
At current market prices, the government will be able to raise about Rs 21,000 crore from 10 per cent stake sale in Coal India.
- Divestment bonds can potentially increase household participation in the stock market
Dhirubhai Ambani, arguably India’s greatest entrepreneur, is credited with bringing the retail public investor into the Indian stock market.
- Pantaloon to sell Future Capital stake
Future Group CEO said that Pantaloon Retail India Ltd will exit its non-core businesses in order to pare debt and fund growth plans.
- Apicorp sells 12% stake in ACBC to Aditya Birla Group
Arab Petroleum Investment Corporation (Apicorp) will sell its 12% stake in Egypt-based Alexandria Carbon Black Company (ACBC) to Aditya Bir...
- Apicorp sells 12 pc stake in ACBC to Aditya Birla Group
Arab Petroleum Investment Corporation (Apicorp) will sell its 12 per cent stake in Egypt-based Alexandria Carbon Black Company (ACBC) to Ad...