Divestment

J&K Bank has proposed to divest 10.25 million equity shares in PNB MetLife India Insurance Company at ₹117.20 apiece, taking the transaction value to ₹120.1 crore.

The government has mobilised ₹20,274 crore via PSU divestment in FY27, the highest so far since FY23 when it raised ₹35,294 crore.

The government raised ₹18,560 crore ($2 billion) by trimming its holdings in six companies in the three months through June, marking its largest such quarterly haul in recent years

Italian multinational FILA Group, one of the promoters of DOMS Industries, has divested a 7 per cent stake in the company for Rs 934 crore through open market transactions, according to the bulk deal data on the NSE. Meanwhile, SBI Mutual Fund (MF) and Axis MF have increased their holdings in DOMS Industries by purchasing a combined stake of 2.13 per cent for Rs 285 crore. DOMS manufactures and markets a wide range of stationery and art materials, while FILA Group is a supplier of art materials and has a portfolio of 25 iconic brands. FILA -- Fabbrica Italiana Lapis ed Affini SPA offloaded over 42.48 lakh equity shares in two tranches, representing a 7 per cent stake in DOMS Industries, as per data on the National Stock Exchange (NSE). The shares were sold in the price range of Rs 2,200.07-2,200.55 apiece on Wednesday, taking the combined transaction value to Rs 934.74 crore. Following the transaction, Fila Group's shareholding in DOMS Industries has come down to 19.01 per cent fr

Cabinet nod needed to remerge Shipping Corp with land arm

The Indian government held a 63.13 per cent stake in Coal India as of ​March 31, according to LSEG data

India plans to divest its stake in Chabahar Port ahead of US sanctions expiry, balancing strategic interests with geopolitical and legal risks

Bharat Heavy Electrical share price fell over 6 per cent on Wednesday after the government said it would divesting up to 5 per cent shareholding in the company at ₹254 per share.

As many as a combined 41.5 million shares representing 7.3 per cent of total public shareholding of the IDBI Bank have changed hands on the NSE and BSE.

Budget must prioritise divestment to create fiscal space to tackle unexpected shocks and support critical sectors including health and education

CapitaLand India Trust will divest CyberVale in Chennai and CyberPearl in Hyderabad for Rs 1,103 crore at a 3% premium to valuation, its first exit since 2007 listing

Chawla said the government will make an initial public offering (IPO) of a state-run firm in the natural resources sector in the current financial year

Today's Opinion page traverses the regulatory landscape, from land reforms to nuclear power, corporate governance to government divestment and comes away with deep insights into all

The practice of fixing annual divestment targets in the budgets was designed to tap an additional revenue source to contain the revenue deficit

Hong Kong-based WFM Asia on Wednesday divested a 2.84 per cent stake in Star Health and Allied Insurance Company for nearly Rs 701 crore through an open market transaction. Hedge fund manager WFM Asia, through its affiliate WF Asian Smaller Companies Fund, offloaded more than 1.66 crore equity shares or 2.84 per cent stake in Star Health and Allied Insurance Company, as per the bulk deal data on the NSE. The shares were disposed of at an average price of Rs 420.03 apiece, taking the deal value to Rs 700.86 crore. At the end of the March quarter, WFM Asia, through its arms WF Asian Reconnaissance Fund and WF Asian Smaller Companies Fund, owned a 3.48 per cent stake in Chennai-based Star Health and Allied Insurance. Meanwhile, SBI Mutual Fund acquired over 1.64 crore shares, representing a 2.8 per cent stake in Star Health for nearly Rs 690 crore. Shares were purchased at an average price of Rs 420 per piece. Details of other buyers of Star Health and Allied Insurance Company's sha

Disinvestment as a policy was launched in the early 1990s to bolster revenue and use the reduced government stake in PSUs to help enhance their autonomy

Expectations that the government would increase the speed of strategic disinvestment or privatisation have been dashed

We broadly concur with the Survey's assessment of a pick-up in rural demand on the back of improved crop output, disinflation, and an uptick in domestic investment activity

"There is no reason why this profit-making entity should be sold to private entities, more so to entities of foreign origin." the forum said.

Nishant Pitti's exit signals the completion of his divestment from the travel-tech company, leaving EaseMyTrip in the hands of institutional investors and other stakeholders