Page 5 - Dipam

PSUs asked to route strategic divestment, minority stake sales via DIPAM

The process for strategic divestment will be through competitive bidding, while soon-to-be specified guidelines will have to be followed for shutting down units

Single bid for BPCL wouldn't have helped fetch a better price: DIPAM Secy

Tuhin Pandey says LIC investors should be patient and look at the insurer's long-term prospects

Top headlines: Economic recovery underway: RBI; Aryan Khan absolved

The Narcotics Control Bureau on Friday cleared Aryan Khan, son of Bollywood actor Shah Rukh Khan, of all charges in the drugs-on-cruise case.

Govt calls off BPCL privatisation process, will do 'comprehensive review'

Decision on restarting the process to be taken in due course post review

Know your bidder

Govt must develop capacity for privatisation

Cabinet empowers PSU boards to recommend stake sale, close subsidiaries

At present, PSU boards have the authority to make equity investments, undertake mergers and acquisitions subject to certain ceilings of net-worth

LIC share sale is an 'Atmanirbhar issue': DIPAM secy Tuhin Kanta Pandey

The issue is an example that capital markets can be run without having to completely rely on foreign investors, Tuhin Kanta Pandey said

Centre arms itself with a legal strategy to defend PSUs' disinvestment

The move comes after several petitions challenging the policy were filed across the country

Centre to rate PSUs on capital mgmt, investor concalls among new parameters

PSUs also have to comply with asset monetisation targets set collectively by their administrative ministry

PSUs, cooperative societies disallowed from bidding for state-run entities

PSUs in non-strategic sectors would be privatised if feasible or considered for closure.

LIC IPO launch likely in mid- or end-April; decision may come soon

Dipam deems situation suitable for listing

Rs 23K-cr BSNL, MTNL assets to be monetised

In the first phase of monetisation, 11 assets of BSNL valued at Rs 18,200 crore, and six assets of MTNL worth Rs 5,158 crore have been approved for monetisation

Land special purpose vehicle on fast track as board structure finalised

The board of NLMC would have 13 directors, of which seven would be government officials and six would be from the private sector

Hope volatility in markets recedes for LIC IPO launch: DIPAM secretary

There are certain external factors affecting the markets because of the conflict in Europe, and the government is watching the situation carefully, the official said

Neelachal Ispat JV partners in share-purchase pact with Tata Steel arm

NINL is a joint venture of MMTC, NMDC, BHEL, MECON and 2 Odisha government PSUs - OMC and IPICOL

PM Modi addresses 11th webinar to discuss Budget-related annoucements

Prime Minister Narendra Modi on Wednesday addressed the 11th webinar for discussing Budget-related announcements of DIPAM, an official statement from the PMO said.

PM Modi leads brain-storming at 11 budget-related webinars

The webinars saw an estimated participation of around 40,000 stakeholders

Govt receives Rs 888 crore as dividend from NALCO, BPCL, MSTC

The government has received Rs 888 crore as dividend from three CPSEs, DIPAM Secretary Tuhin Kanta Pandey said on Wednesday.

PM Modi to address global investors on privatisation, asset monetisation

The government has set a Budget target of Rs 65,000 crore from CPSE disinvestment/privatisation in the next fiscal beginning April 1

LIC IPO draft papers likely to receive Sebi's approval on Monday

Listing may spill over into FY23 as geopolitical tensions roil markets