Page 5 - Disinvestment

Ahead of IDBI privatisation, Centre working on tightening disclosure rules

Bidders will have to share the details of legal proceedings against them, if any, until the completion of sale transactions

Divestment of BPCL off the table for now, says Hardeep Singh Puri

The plan to offload the Centre's 52.98 percent stake in the oil major could not go forward as there was not sufficient number of bids

BPCL disinvestment plans stalled as of now: Oil minister Hardeep Puri

The government currently owns a 52.98 per cent stake in BPCL. It had sought to sell its entire stake in the disinvestment process

India's April-July fiscal deficit recorded at 20.5% of FY23 target

The centre spent Rs 1.1 trillion or 35% of the full year's estimate for food, fertiliser and petroleum subsidies

India at 75: What's the way ahead for govt on privatisation, asset sales

While the govt has secured a big win by privatising Air India, it is still far from its initial goal of privatising majority of PSUs

States to get matching amounts from Centre for SPSEs' privatisation

The Centre has allocated Rs 5,000 crore for disinvestment of SPSEs and asset monetisation

Neelachal Ispat Nigam ownership handed over to Tata group-owned TSLP

NINL is a joint venture of four CPSEs, namely MMTC, NMDC, BHEL, MECON and two Odisha Government PSUs, namely OMC and IPICOL

Centre gets multiple bids for privatisation of Ferro Scrap Nigam Ltd

The eligibility criterion for bidders included a mandatory net worth of at least Rs 150 crore and a PAT in at least two of the immediately preceding five financial years

Calcutta HC upholds state govt's Metro Dairy stake sale to Keventer

Court dismisses plea alleging opacity in deal, rejects call for CBI probe

The LIC way or the Air India way: A tale of two suboptimal paths

One path waits for the company to go bankrupt while the other continues to subject it to government whim, writes T N Ninan

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

Will govt's divestment enter slow lane after LIC's weak debut?

LIC started its journey at secondary markets on a weak note. While analysts are unperturbed with the stock performance, take a dive into what LIC's weak debut means for this year's divestment target

Centre set to put Pawan Hans sale on hold over winning bidder concerns

This is the second instance where a disinvestment exercise has been put on hold after completion of the process due to allegations against the reputation of the winning bidder

Govt to invite bids for SCI sale by Sept; hive off Shipping House: Report

The government is likely to invite financial bids for Shipping Corporation of India by September, after the process of demerger of non-core assets is completed, an official said.

Strategic support

Sebi's proposal will help disinvestment

Sebi mulls easing 'open offer' pricing formula for PSU disinvestment

Pricing formula to discover open offer price may be eased

No plan under consideration for BSNL's disinvestment: Govt tells Parliament

The current strength of employees is sufficient for the operation of the state-owned telecom corporation, Chauhan said

IDBI Bank privatisation: Govt holding roadshows to gauge investor interest

The Cabinet Committee on Economic Affairs had in May last year given in-principle approval for strategic disinvestment and transfer of management control in IDBI Bank

LIC IPO: Too 'precious' to lower face value of India's crown jewel

LIC management can decide on stock split after listing

The burden of govt equity in PSUs

The Modi govt has outdone the Manmohan Singh regime in ramping up infrastructure outlay for state-controlled units