Page 6 - Divestment

DIPAM's internal estimates had pegged FY23 divestment target at Rs 1.2 trn

Target rationalised to for better accounting, avoiding market distortion

Budget 2022: Slashed asset sale target raises questions about LIC IPO

'We should not conjecture on size of LIC IPO as valuation still underway,' says DIPAM Secretary

Farm-loan waiver, tax cuts, fiscal prudence: Expectations from Budget 2022

With five state elections in the coming months - Uttar Pradesh and Punjab being the major ones - some populist measures are also not ruled out, analysts said.

Privatisation of public sector units to drive divestment receipts: MoS

Finance ministry says scope for minority stake sale has declined

Inox Wind arm inks share purchase agreement to divest stake in six firms

Inox Wind on Monday said its arm has inked a share purchase agreement to sell its entire equity stake in six firms to wholly-owned subsidiary Resco Global Wind Services.

Improving business prospects, divestment make analysts bullish on PSU stks

In the last 10 years, though PSU stocks have gained ground, they have mostly been laggards at the bourses

Jubilant Ingrevia arm divests 10% stake in Safe Foods Corp for $18.2 mn

Jubilant Ingrevia on Wednesday said its subsidiary Jubilant Life Sciences International Pte Ltd has divested its 10 per cent stake in Safe Foods Corporation for a consideration of $18.2 million

IDFC faces investor ire on delay in divestments and mergers

Chairman Vinod Rai said the company had a very complex corporate structure

Strategic divestment to get tax deduction for previous losses

However, this relaxation would cease to exist after the private company stops holding 51 per cent in the erstwhile public sector company after strategic disinvestment

Govt appoints Atul Bhatt as CMD of Rashtriya Ispat Nigam Ltd

Atul Bhatt has been appointed as chairman and managing director (CMD) of disinvestment-owned steel company Rashtriya Ispat Nigam Ltd (RINL), according to an official notification.

IDBI Bank board approves divesting entire 19% stake in ARCIL

IDBI Bank on Friday said its board has okayed a proposal to divest its entire stake of over 19 per cent in ARCIL

KPMG to assist government in strategic divestment of IDBI Bank for Rs 1

The near-zero bid could make KPMG one of the largest players in managing deals in the financial services space if IDBI Bank sale is a success

HDFC Bank divests over 25% stake in CDSL for Rs 223 crore

HDFC Bank sold 23,11,000 equity shares of face value of Rs 10 each fully paid up held by the bank in CDSL through the secondary market route on the NSE

Strategic divestment: Valuation of companies caught in the crosshairs

Forces govt rethink on NINL valuation, delaying sale

Tech view: Divestment news can trigger up to 25% rally in IOB, Central Bank

The stock of Central Bank of India is poised to breakout on the upside if it manages to conquer the resistance of Rs 25.50 with a stable upmove

Promoter company Worldone to acquire JSPL's thermal power business

Industry sources said the estimated deal size is close to Rs 12,000 crore, which includes Rs 6,500 crore debt, Rs 7,000 crore redeemable preference shares and Rs 3,015 crore equity infusion

Singapore-based SC Ventures plans to divest its stake in B2B company

According to sources, the platform, set up last September, hopes to hit the unicorn status ($1 billion) by the mid-third quarter of next year

Fast-track admin processes to meet divestment target: Parliamentary panel

The panel said it is "concerned" that meeting divestment target is pivotal to the Budget

Divestment target will be overachieved by a wide margin: Sunil Singhania

CY20 was a unique year that witnessed one of the sharpest falls in the markets in recent years and an equally sharp recovery, says Singhania

Govt sells stake in Tata Communications, OFS fully subscribed

The offer for sale will fetch the government about Rs 5,500 crore.