Disinvestment

The government has received financial bids for IDBI Bank's strategic disinvestment, a key transaction as it targets ₹80,000 crore from disinvestment and asset monetisation in FY27

Even for 2025-26, miscellaneous capital receipts were budgeted at ₹47,000 crore, but were later revised down

Budget 2026 raises the FY27 disinvestment and asset monetisation target to Rs 80,000 crore, banking on a stronger pipeline of stake sales and infrastructure monetisation despite a shortfall in FY26

Survey moots changes to Companies Act, so that CPSEs remain govt firms even with a 26% stake

The government needs money. But does it always have to raise taxes? In this episode of Budget Basics, we break down disinvestment, what it really means, how it works inside the Union Budget,

It is encouraging that the government's dependence on disinvestment receipts in managing its finances has reduced, but the instrument should not be discarded

The divestment of nearly 376,000 sq ft at Embassy Manyata is expected to boost distribution per unit and support Embassy REIT's capital recycling strategy

The consolidated Q2FY26 net profit was in line, though revenue guidance was missed due to lower-than-expected revenue from core engineering, procurement and construction (EPC)

Dipam Secretary Arunish Chawla said IDBI Bank privatisation should conclude by March 2026 as bidders complete due diligence, with FY26 disinvestment proceeds set to exceed targets

Centre looks to step up stake sales in CPSEs to meet Sebi's MPS norms, revive strategic disinvestment, and boost market discipline amid legal hurdles, execution delays, and limited investor appetite

Asian Paints Ltd on Thursday said it has completed the divestment of its Indonesian operations to Singapore-based subsidiary of Omega Property Investments Pty Ltd, Australia, for a consideration of SGD 6.8 million (Rs 44 crore). Last month, the company had announced that its wholly-owned arm Asian Paints International Pvt Ltd, Singapore (APIPL), has entered into a share purchase agreement with Berger Paints Singapore Pte Ltd, Singapore, subsidiary of Omega Property Investments Pty Ltd, Australia, for sale of 100 per cent stake held in PT Asian Paints Indonesia (PTAPI) and PT Asian Paints Color Indonesia (PTAPCI). PTAPI and PTAPCI are wholly-owned subsidiaries of APIPL. APIPL on Thursday completed the divestment of the Indonesia operations by sale of the entire stake held by APIPL in PTAPI & PTAPCI for a consideration of SGD 6.8 million (about Rs 44 crore), Asian Paints said in a regulatory filing. PTAPI and PTAPCI have ceased to be the subsidiaries of APIPL with effect from March .

The government's divestment plan is likely to provide a push to fundraising in FY26 as the recent market correction has slowed down deal-making activity, Emkay Global Financial Services said on Thursday. Addressing a webinar on the state of affairs of the Indian investment banking industry, Yatin Singh, CEO of investment banking at Emkay Global Financial Services, said the public sector is turning out to be material client for investment banks in India with the Department of Investment and Public Asset Management (DIPAM) setting a divestment target of Rs 47,000 crore for FY26. "This is a huge opportunity for investment banks in FY26 and beyond," he said. Over the past three years, the initial public offers (IPOs) of LIC, IREDA, and the offer for sale (OFS) of ONGC, IRCTC, HAL, Coal India, RVNL, NHPC, Hudco, Ircon, and Cochin Shipyard have kept the deal street buzzing within the PSU segment. Looking ahead, the upcoming IPOs of Bharat Coking Coal, Central Mine Planning and Design ...

The Department of Investment and Public Asset Management (DIPAM) on Monday invited bids from merchant bankers to assist the government in its planned stake sale in public sector banks and listed financial institutions. As per the RFP (request for proposal) floated by DIPAM, the merchant bankers would be empanelled for a period of three years (further extendable by 1 year) and they would advise the government on the timing and the modalities of the transaction for dilution of equity in select PSU banks/select listed public financial institutions. The last day for putting in bids by merchant bankers is March 27. "The Government of India (GOI) intends to empanel BRLMs/MBSBs for a period of three years (further extendable by one year) in the context of dilution of GOI equity in select Public Sector Banks (PSBs), and select listed Public Financial Institutions (PFIs) (as defined under the Companies Act, 2013) using SEBI approved methods in accordance with the extant SEBI/RBI/IRDAI and ..

Today's pieces cover diverse topics: our editorials examine how India's renewable energy sector is now a victim of its own success, and ponder the government's inexplicable pause on privatisation.

The Union government and Life Insurance Corporation jointly hold a 95 per cent stake in IDBI Bank, of which they are selling 60.72 per cent

Indian Oil's decision to withdraw its Rs 22,000 crore rights issue highlights the govt's reluctance to reduce its stake in state-run enterprises, as fiscal priorities shift to sectors like rail, roads

Central government and LIC are set to divest 61% stake amid strategic disinvestment drive. The govt aims to generate Rs 50,000 crore through asset monetisation this fiscal year

FIH Mauritius Investments is also the promoter of Thrissur-based CSB Bank

As worrying as the recent decline in gross foreign direct investment is the increasing pace of disinvestment

This must be a top priority for the next govt