Strategic Disinvestment

Govt achieves 78% of FY27 divestment, asset monetisation target in Apr-Aug

The government has achieved about 78 per cent of the FY27 budgeted disinvestment and asset monetisation target of Rs 80,000 crore within 5 months of the financial year. The government has raised Rs 55,757 crore so far this fiscal through minority stake sale in 9 PSUs, including the big ticket ones like LIC and Coal India, as well as strategic sale of Indian Medicines Pharmaceuticals Corporation Ltd and remittances from SUUTI. More than half of the disinvestment proceeds came from the 6.5 per cent stake sale in Life Insurance Corp (LIC) which garnered Rs 31,515 crore. Further, a 2 per cent share sale in Coal India fetched about Rs 5,542 crore, while a 6.01 per cent stake dilution in NHPC fetched Rs 4,357 crore to the exchequer. Earlier this week, the government sold 6 per cent stake in Hindustan Copper to raise Rs 3,041 crore. The other entities in which the government disinvested its stake are Central Bank of India, NLC India, GIC, IRFC, Cochin Shipyard and Hindustan Copper. Besi

How has the govt's disinvestment strategy changed since liberalisation?

From strategic privatisation to market-based stake sales, here's how the government's disinvestment strategy has changed since economic liberalisation in 1991

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

IDBI Bank investors receive security clearance; await RBI approval

Central government and LIC are set to divest 61% stake amid strategic disinvestment drive. The govt aims to generate Rs 50,000 crore through asset monetisation this fiscal year

Disinvestments slow, but govt keeps earning dividends from state-run firms

It has never happened that the budget estimate for dividends from such companies has failed

Disinvestment to miss target again in FY24, raises over Rs 4 trn in 10 yrs

With general elections on the horizon, the government's privatisation bandwagon has almost but stalled as a government wary of being accused of selling family silver opts for minority stake sales on stock exchanges over outright privatisation. The result -- the disinvestment target for current fiscal year is again likely to be missed. Big ticket privatisation plans such as that of Bharat Petroleum Corporation Ltd (BPCL), Shipping Corporation of India (SCI) and CONCOR are already on the backburner and analysts feel meaningful privatisation can happen only after April/May general elections. In the current fiscal, out of the budgeted amount of Rs 51,000 crore, about 20 per cent or Rs 10,049 crore has been collected through minority stake sales via IPO (Initial Public Offering) and OFS (Offer For Sale). Strategic sale of a host of Central Public Sector Enterprises (CPSEs), including SCI, NMDC Steel Ltd, BEML, HLL Lifecare and IDBI Bank, are in the pipeline for completion in the current

Govt calls off strategic disinvestment of Pawan Hans, scraps firm's bid

Majority owner in consortium that won stake sale for state-owned helicopter operator faces legal trouble

DIPAM extends last date for submission of EoI for IDBI stake sale

Consortium of foreign funds, investment companies will be allowed to own over 51% of IDBI Bank

Land parcels of pharma PSUs find no takers, but momentum likely in few mths

In December 2019 the decision was revised to allow sale of land to private entities as well through a competitive bidding process

LIC IPO: Global market sell-off raises stakes for India's biggest listing

Landing the listing, which is slated for next month, will test India's capital markets at a time when about $5 trillion has been wiped out from global equities

Air India disinvestment to be completed in fiscal 2022: FM Sitharaman

The FM also allocated as Rs 2,268 crore for a special purpose vehicle set up as part of financial restructuring of the debt-laden national carrier

Centre likely to pare stake in BEML to 26% via strategic disinvestment

The government has set an all-time high disinvestment target of Rs 1.05 lakh crore, up from Rs 90,000 crore projected in the Interim Budget 2019-20 in February.

Divesting it right

The first deal will clear the path for many more. It will also be the toughest to execute

BPCL stake sale: Deloitte quotes Re 1 as its disinvestment advisory fee

The government has set a 50-day timeline for asset valuation to happen in BPCL, as it wants to complete the process before March 31, 2020

OIL, IOC may get Numaligarh refinery as govt 'wants to keep it' with a PSU

A major reason why the government kept NRL outside the strategic sale of BPCL was its importance to the Assam Accord

Govt to wrap up sale of Air India, BPCL by March 2020: Nirmala Sitharaman

The finance minister stated the strategic disinvestment of the two state-run companies is critical for the government to meet its disinvestment target of Rs 1 trillion for the current fiscal year

Divestment: Questions still remain on privatisation and asset monetisation

While DIPAM can still meet or come close to the divestment target of Rs 1.05 trillion, it may not be on the back of strategic sales or asset monetisation

Centre aims big on strategic sales

Biggest strategic divestment planned for completion in FY18 is sale of its 51% stake in HPCL to ONGC

Cabinet approves new mechanism to quicken strategic disinvestment

Sets up high-powered panel to decide on matters relating to terms and conditions of sale