Page 9 - Disinvestment

Rs 1.75 trillion disinvestment target on track, says CEA Subramanian

The target of mopping up Rs 1.75 trillion from disinvestments of some of public sector companies, including LIC and BPCL during current fiscal, is on track and groundwork is being prepared for goal

Rs 1.75-trn disinvestment target on track: CEA Krishnamurthy Subramanian

On the Covid-19 pandemic, Subramanian said the impact of the second wave is lesser than that of the first one

Govt dials investors ahead of LIC's IPO; embedded value expected by August

Preliminary presentation made on insurer's prospects

Cabinet note issued for 100% FDI in oil PSUs marked for disinvestment

Cabinet approval would facilitate privatisation of India's second biggest oil refiner Bharat Petroleum Corp Ltd.

Air India to sell real estate assets; may garner up to Rs 300 crore

Disinvestment-bound Air India is looking to raise Rs 200 to 300 crore by selling commercial and residential real estate assets in different parts of the country.

Govt proposes one-year retention for Air India staff after privatisation

Draft RFP sets a precedent for all state-owned firms on the block

Govt may raise foreign investment limit to aid BPCL sale: Report

If the cabinet clears the proposal, overseas funds would no longer need government approval to purchase a 100 per cent stake in state-run refiners cleared in-principle for disinvestment

Statsguru: A decline in growth poses risks to govt's fiscal forecast

While tax collections provided some reprieve, the government seems to be consistently underperforming on the disinvestment side.

Do not politicise GST Council: Finance Minister Nirmala Sitharaman

The government is conscious of the intensity of the second wave of Covid-19 and is assessing its full impact before coming out with further packages and interventions, says FM Sitharaman

Air India disinvestment will be completed in 2021: Hardeep Singh Puri

The second wave of Covid-19 may slow down disinvestment process but he has assured that the disinvestment of Air India will be completed in 2021

CoalMin targets projects worth Rs 41K-crore for asset monetisation

These projects include coal washeries, coal gasification, first-mile connectivity for building coal silos/mechanised loading, offering mines to private firms under mine developer and operator model

Govt garners Rs 4,000 crore through nearly 2% stake sale in Axis Bank

The government had offered to sell its 58 million shares or 1.95 per cent stake of Axis Bank held through Specified Undertaking of the Unit Trust of India (SUUTI)

Fear of unknown grips govt's privatisation plan with second Covid wave

Despite the uncertainty and unpredictability on how things will unfold, Centre is hopeful of completing transactions listed in Budget with a delay of one to two months

Axis Bank's Rs 4,000-crore OFS subscribed over 2x by non-retail segment

Most bids came in at Rs 701.6 as against floor price of Rs 680 per share; 5.8 mn shares to be auctioned to retailers on Thursday

Divestment likely to keep PSU stocks on investor's radar, say analysts

In April, the government said that the timeline for disinvestment of Air India and Bharat Petroleum Corporation (BPCL) may be pushed by two to three months due to the second Covid-19 wave

Covid-19 Second wave may not derail Modi govt's disinvestment plan

Privatisation and strategic disinvestment drive are seen as key tools in boosting the economy amid the sharp surge in Covid-19 cases

Centre's disinvestment plan: A stress test for zombie steel plants

The disinvestment of loss-making plants may likely attract interest from secondary steel makers rather than the big players

IDBI Bank jumps 11% as Cabinet may soon consider disinvestment proposal

The government had planned to sell its balance stake in IDBI Bank to private, retail, and institutional investors through the stock exchange in the last financial year

Cabinet to take up divestment of 45.5% stake in debt-laden IDBI Bank soon

The government had planned to sell its balance stake in IDBI Bank to private, retail, and institutional investors through the stock exchange in the last financial year

Making bank privatisation exemplary

The policymakers could have chosen no better time than this financial year as the financial quality of the PSB balance sheets has improved this year compared with the last few years