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RINL DIVESTMENT
RINL revival plan likely by DecemberBy December, the government plans to finalize a revival strategy for Rashtriya Ispat Nigam Ltd (RINL), addressing its ₹7,500 crore near-NPA...- RINL hopes asset monetisation may garner Rs 3000-4000 crore"If we are able to fetch Rs 3000-4000 crore from the monetisation of the railway wheel plant and the land parcel at Vizag, it will help us ...
- Government looking to sell Rashtriya Ispat Nigam Ltd's forged wheel plantSenior government officials told ET that the proceeds of the plant's slump sale will be used to fund other projects of RINL. "This will be ...
- Govt plans to invite EoIs for divestment of RINL by Jan-endTata Steel, JSW Steel and Adani Group have shown "strong interest" in the entity during the pre-bid consultations held in early December, s...
- RINL disinvestment paves way for capital infusion, capacity expansion: GovtCCEA had accorded 'in-principle' approval for 100% disinvestment of government's shareholding in RINL along with RINL's stake in its subsid...
- Trade unions, political parties oppose RINL privatisationThe Union Cabinet had cleared the privatisation of Rashtriya Ispat Nigam Ltd (RINL), DIPAM (Department of Investment & Public Asset Managem...
- Rashtriya Ispat Nigam Ltd IPO deferred as company still assessing damages due to HudhudIn September RINL had filed a draft prospectus withSebi for an IPO through which the government will sell 10 per cent of its stake in the c...
- SAIL's 5% stake sale will fetch government Rs 2,000 crore, process may be completed before BudgetIn the interim budget, the UPA government had kept the disinvestment target at Rs 36,925 crore, which is likely to be revised upward.
- HindCopper, Nalco, Oil India FPOs next month: Divestment secretaryWe are trying to push Hindustan Copper and Nalco by tge first week of November. Hopefully, Oil India should also hit the market by in the s...
- RINL IPO to kickstart PSU disinvestment process this monthThe government today said it will kickstart its ambitious Rs 30,000 crore disinvestment programme with stake sale in RINL this month.
- Hindustan Copper IPO may happen by Sept-end: DoDThe govt said it may divest a stake in Hindustan Copper by Sept-end and move towards meeting the disinvestment target for 2012-13.
- RINL IPO to hit markets in a fortnight, says Disinvestment SecretaryRINL will be the first PSU to tap the capital market this fiscal. The government is aiming to mop up Rs 2,500 crore by divesting its stake ...
- RINL dubs subsidiaries OMDC, BSLC as risk factorsRINL has dubbed its subsidiaries Orissa Mineral Development Corp and Bisra Stone Lime Corp as "risk factors".
- RINL files draft IPO prospectus with SEBIState-run Rashtriya Ispat Nigam (RINL) submitted a draft IPO prospectus to SEBI. It will sell a 10 percent stake via the listing.
- RINL IPO likely to be launched on July 3"RINL IPO is expected to be launched in the first week of July, most likely it will open on July 3 and close on July 6," a source in the kn...
- Government to sell equity in PSUs like SAIL, MMTC; to get Rs 30,000 croreGovernment, finance secretary said, has identified about a dozen companies including NBCC, RINL, BHEL, HAL and HCL for share sale in next f...
- SAIL FPO put on hold; RINL share sale after expansion: GovernmentThe government on Tuesday said it has put on hold the share sale of Steel Authority (SAIL) amid volatility in the stock markets.
- RINL says its public offer will not happen this fiscalRuling out an initial share sale this fiscal, state-run Rashtriya Ispat Nigam said the timeline set for the public offer is November, 2012.
- RINL to seek government nod to restructure capitalRashtriya Ispat Nigam Limited (RINL) plans to seek the approval of the government to restructure its equity capital in the near future.
- Finmin asks Steel Min to carry out RINL divestment in 2 yrsTaking forward the drive to sell stake in state-owned firms, the Finance Ministry has asked the Ministry of Steel to divest about 10 per ce...
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