Page 2 - Disinvestment

TN CM Vijay strongly opposes Centre's plan to reduce stake in NLC

Tamil Nadu Chief Minister C Joseph Vijay on Thursday strongly opposed the Union Government's decision toDisinvest from NLC. "I write to convey the Government of Tamil Nadu's deep concern regarding the decision of the Government of India to disinvest in Neyveli Lignite Corporation India Limited (NLC) through an offer for sale of up to three per cent of the paid-up equity, comprising a base offer of two per cent and an additional one per cent green-shoe option, as notified," Vijay said in a letter to the Prime Minister Narendra Modi. Stating that the Tamil Nadu government will strongly oppose any further dilution of the Central Government equity in NLC, he said, "This issue is of special significance to Tamil Nadu, as NLC India is intrinsically linked to the State through its origin, growth and continuing operations". "The State, therefore, has a legitimate and enduring stake in the future of this strategically important public sector undertaking", he said, adding, "Tamil Nadu ...

Amid fiscal worries, govt puts PSU share sales on fast track to raise funds

As part of the stake-sale drive, an OFS in LIC is also likely to be launched "very soon"

Govt to sell up to 2% stake in IRFC through an offer for sale starting Wed

The government will sell up to 2 per cent stake in Indian Railway Finance Corporation (IRFC) through an offer for sale starting Wednesday. In a post on X, Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said the government offers to disinvest 1 per cent equity in the IRFC along with an additional 1 per cent as a green shoe option. The government has not yet disclosed the floor price for the OFS. Shares of IRFC closed at Rs 98.69, down 2.16 pc over the previous close on BSE. "Offer for Sale for Indian Railway Finance Corporation (IRFC) opens tomorrow for Non Retail investors. Retail investors can bid on Thursday," the X post said. In the current fiscal, the government has sold minority stakes in five central public sector enterprises and banks, taking the total disinvestment proceeds to Rs 16,480 crore so far.

Govt launches NLC India OFS; Carlsberg eyes $700 million India IPO

The Centre plans to divest up to 3 per cent in NLC India through an offer for sale, while Carlsberg is preparing draft papers for a potential India listing

HURL listing expected in current fiscal; stake sale may fetch ₹6,000 crore

The government plans to offload a 10-11 per cent stake in HURL and list the fertiliser PSU in the current financial year, according to a senior official

IDBI Bank disinvestment process to continue: FM Nirmala Sitharaman

Sitharaman says IBA committee will look into issues of distribution tieups of banks for third-party products

Govt likely to consider OFS option for raising public float in IDBI Bank

The government may consider selling a stake in IDBI Bank through the Offer-for-Sale (OFS) route to increase public shareholding, after the unsuccessful attempt to divest stake in the LIC-controlled lender, sources said. Currently, the public float in IDBI Bank is only 5.29 per cent, limiting the scope of fair valuation. The remaining shares are with insurance behemoth Life Insurance Corporation of India (LIC), with a controlling stake at 49.24 per cent, while the Government of India (GoI) holding stood at 45.48 per cent. Earlier this month, the proposed sale of a 60.72 per cent majority stake, held jointly by the government and the LIC, was scrapped after financial bids from two potential buyers reportedly fell short of the reserve price. Low free float restricts the scope for fair market valuation, and expanding this by 10 per cent or 15 per cent would make price discovery more reliable, sources said. It can provide a reliable benchmark for valuation and further make the price ..

India's privatisation push loses steam as IDBI Bank stake sale scrapped

The Centre may scrap the IDBI Bank stake sale after bids came below the reserve price, underscoring political and structural constraints shaping India's disinvestment strategy

Govt looks to unlock ₹80,000 crore via rail PSU stake sales by FY30

The Centre plans to raise about ₹80,000 crore by diluting stakes in seven listed railway PSUs over FY27-FY30 as part of Railways' asset monetisation drive

Govt receives financial bids for IDBI Bank stake sale, says Dipam

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

Budget 2026: Govt should have a clear road map for disinvestment target

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

Union Budget 2026-27: Divestment, monetisation goal at ₹80,000 crore

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

Economic Survey redefines 'govt company' to ease stake dilution in CPSEs

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

Union Budget 2026: What is disinvestment and why it matters in the Budget 2026 | Budget expectations

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,

Disinvestment revival will be useful in sustaining capital expenditure

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

Embassy REIT raises ₹530 crore through divestment at Manyata Business Park

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

Strong domestic orders, non-core divestments may drive rerating for L&T

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)

IDBI Bank divestment likely to close this FY: Dipam Secy Arunish Chawla

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

Will the government's newfound zeal to push stake sales in CPSEs succeed?

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 completes divestment of its Indonesian operations for Rs 44 cr

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 .