Page 14 - Disinvestment

Covid-19 impact: Missing disinvestment targets will have consequences

Any slippage in disinvestment numbers combined with other revenue shortfall would mean the govt would have to borrow more in the market

FY20 disinvestment mop-up at Rs 50,298 cr, govt misses budget target

In the Budget 2019-20, disinvestment revenue was pegged at Rs 1.05 trillion. However, in the RE, the projection was lowered substantially to Rs 65,000 crore

Government ends FY20 divestment programme with Rs 14,700-cr shortfall

The planned IPO of Indian Railway Finance Corporation (IRFC) and an Rs 8,000-crore sale of the Centre's stake in ITC and Axis Bank through SUUTI, have now been put on hold

NSE may get more breathing space for disinvesting 37% stake in CAMS

Last month, Sebi had directed the bourse to divest its entire stake in the registrar and transfer agent (RTA) within a year

Top 10 business headlines: Govt likely to miss disinvestment target

From coronavirus disruption on various sectors of Indian economy to adjusted gross revenue (AGR) woes of telcos, Business Standard brings you the top headlines of the day

Govt's FY20 disinvestment target may fall short by Rs 10,000 crore

The only transactions that are expected to go through by March 31 include the acquisition of THDC and NEEPCO by NTPC, the planned IPO of IRFC, and some buybacks by PSUs, it's learnt

BPCL disinvestment: Next significant capex after new investor steps in

BPCL is in the process of buying land from Hindustan Organic Chemicals to set up the planned facilities

6-7% LIC stake dilution enough to mop up Rs 90,000 cr: CEA Subramanian

As per Budget 2020, out of the Rs 2.1 trillion target, Rs 1.2 trillion is expected to come from IPOs, strategic stake sales, and buybacks

Looking to unlock value in IDBI Bank ahead of IPO, says LIC Chairman

Presenting the Budget, Finance Minister Nirmala Sithraman had said the government would sell a part of its 100 percent holding in LIC through an IPO in the next fiscal year

LIC disinvestment: 100,000 employees stage walk-out across country

There are 13 unions in LIC, and employees and officers affiliated to 11 unions were on protest

Call disinvestment 'recycling' for better optics: Industry executive to FM

"Even my father keeps asking me why government companies are being sold," the executive quipped

Govt on a 'sell India' mission, hiding real picture of economy: TMC MP

The government is selling PSUs along with LIC, which are properties of the people and steps are being taken without inviting any suggestions from policy makers and employees unions, the MP said

Towards transparency

Disclosure of extra-budgetary borrowings is a prudent move

Why buyers of Air India, BPCL may not get free hand to shed excess staff

The government will build in certain protection to employees in the share sale agreement, DIPAM Secretary Tuhin Kanta Pandey said

BSNL, MTNL employees taking VRS need to wait till April for dues

This is because the Union Budget does not have provision for any expenditure towards the programme in the current fiscal year

LIC listing may take about a year, says Finance Secretary Rajiv Kumar

Kumar said the idea behind the listing of LIC was to "bring in more transparency and allow the company to share gains with its stakeholders"

We will see a second wave of privatisation in FY21, says Dipam secy

'We are moving towards privatisation after a long time', said Tuhin Kanta Pandey

Budget 2020: Road to bourses for LIC is not going to be an easy one

Amendment to the Act, sovereign guarantees, investment portfolio, realty holdings, and governance issues to shape valuation

Disinvestment dynamics

Listing LIC will be a big challenge for the govt

Divestment to help both LIC and government, says Jayant Sinha

Sinha praised Sitharaman saying she addressed the economic situation, fiscal deficit and macro-economics very well