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LIC DISINVESTMENT
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...
- 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...
- 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...
- Centre may seek revised bids from two suitors for IDBI BankGovernment may seek revised financial bids for IDBI Bank. Original offers fell below the set reserve price. This strategic sale is crucial ...
- Govt may consider OFS option for raising public float in IDBI BankThe government may consider selling a stake in IDBI Bank through the Offer-for-Sale (OFS) route to increase public shareholding, after the ...
- Govt may consider OFS option for raising public float in IDBI BankThe government is considering an Offer-for-Sale (OFS) in IDBI Bank to raise public shareholding after a failed attempt to sell a majority s...
- Congress targets govt ahead of mega LIC IPO, says shares undervaluedRandeep Surjewala claimed that the LIC has 30 crore policyholders and its total assets are to the tune of Rs 39,60,000 crores (USD 526 Bill...
- Disinvestment-bound companies in spotlight, more names likely to be addedAnalysts expect that the divestment targets for the new financial year are likely to be elevated, though a lot will depend upon the propose...
- FM Nirmala Sitharaman reviews progress of proposed LIC IPOThe government has set a target of Rs 1.75 lakh crore from disinvestment proceeds, including the LIC IPO, in the ongoing fiscal year.
- Finance Minister Nirmala Sitharaman reviews progress on planned mega LIC IPOLIC IPO is crucial for meeting the Rs 1.75-lakh crore disinvestment target set for current fiscal (April-March). So far this fiscal, Rs 9,3...
- FDI policy update in the works to push LIC selloff: DPIIT SecretaryThe matter is being discussed with the Department of Financial Services (DFS) and Department of Investment and Public Asset Management (DIP...
- DPIIT to come out with revised FDI policy to facilitate LIC disinvestment: SecretaryAnurag Jain, secretary in the Department for Promotion of Industry and Internal Trade (DPIIT), said the current policy related to the secto...
- With LIC IPO in sight, can government meet divestment target for FY22?It is estimated that LIC IPO could fetch nearly Rs 1 lakh crore.
- CCEA clears LIC disinvestment; panel headed by FM to decide quantum of stake saleThe Budget amendments to the LIC Act has been notified and the actuarial firm is expected to finalise the embedded value of the life insure...
- LIC IPO: Govt likely to invite bids from merchant bankers this monthThe government is likely to invite bids from merchant bankers this month for managing LIC disinvestment as it moves ahead with plans to lau...
- Two things about Modi's LIC move leave many MPs curiousThe FM said in her budget speech that the govt proposes to sell a part of its holding in LIC through an IPO.
- LIC will consider all investment options: Chairman S K RoyChairman S K Roy also said Rs 17-tn insurance firm will have to examine consequences for LIC due to govt hiking FDI in the sector to 49 per...
- Government gets LIC's Rs 2k cr boost in record disinvestment kittyWith purchase of PSU shares worth over Rs 2,000 cr this fiscal, LIC has contributed about 10% to the govt's kitty of about Rs 23,900 cr in ...
- 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.
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