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PUBLIC SECTOR DISINVESTMENT
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...- 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 ...
- 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 to exercise greenshoe option after Coal India OFS draws Rs 19,000 crore bids on first dayStrong institutional demand prompted the government to exercise the oversubscription option in Coal India’s offer-for-sale. Investors place...
- 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...
- 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...
- 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 ...
- Prolonged war may hit Rs 75,000 crore dividend targetThe ongoing turmoil in West Asia casts a shadow over India's revenue streams. Soaring commodity prices may squeeze the profitability of sta...
- 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...
- Public sector entities get power to close, divest unitsThe cabinet also delegated additional powers to the alternative mechanism to accord 'in principle' approval for disinvestment and minority ...
- PSUs to be allowed to carry forward losses accumulated prior to divestment: CBDTThis will make disinvestment deals of ailing PSUs more attractive for strategic investors. Under normal tax provisions without this relaxat...
- Niti Aayog to empanel transaction advisor for PSU assets monetisation, disinvestmentThe Aayog is hand-holding the respective asset owners -- the statutory bodies, public sector enterprises and other such undertakings within...
- Bombay HC dismisses PIL to challenge the disinvestment of BPCLFour PILs were filed by Federation of all Maharashtra Petrol Dealers Association, Bharat Petroleum Corporation Ltd. (Refinery) Employees Un...
- Privatisation will bring ground level benefits in the economy, induce growth: DIPAM secretaryGovt will need to have a deeper engagement with investors on strategic divestment, which has taken a back seat due to travel restrictions i...
- Three cyclical themes to chase as economies start recovering globally‘The stimulus coming in upfront globally has helped a lot’
- Surplus land of CPSEs under disinvestment to be sold at market rate: GovtPetroleum and Natural Gas Minister Dharmendra Pradhan told Rajya Sabha during Question Hour that the surplus land issue of CPSEs will be "d...
- An unwise move...Appointing retired bureaucrats as independent directors in public sector cos to hit the market soon is not justified.
- PSUs jittery about 25% float normsThe department of disinvestment has sought a review of the recent norms that make it mandatory for all listed firms to have at least 25% pu...
- Government committed to public sector disinvestment: PMPrime Minister Manmohan Singh Monday said the government would go in for disinvestment of public sector undertakings.
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