Coal India Disinvestment
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Centre To Sell Up To 3% Stake In Coal India, Floor Price Fixed At Rs 225 Per share
The government will offload up to 3 per cent stake in Coal India Ltd through the offer for sale route starting on Thursday and the disinvestment will fetch at least Rs 4,158 crore for the exchequer.
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Government Looks At Rs 20,000 Crore By Selling Stakes In Two Firms: Report
PM Modi in February had planned to raise as much as Rs 2.1 lakh crore selling state assets
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Government Wants PSUs To Emulate Private Sector, Buy Back Shares: Report
The government wants cash-rich public sector companies like Coal India, Oil India and NTPC to take a cue from the private sector and use surplus cash to buy back shares and improve balance sheets.
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Coal India Stake Sale May Spill Over to Next Fiscal Year: Report
Sale of a 10 per cent stake in Coal India is likely to be deferred to next fiscal year as the government wants to wait for stability in the equity markets for a better valuation.
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Next Fiscal Divestment Targets to be Set at 'Realistic Levels': Report
Plagued by poor investor appetite for state-owned assets, the government was likely to scale back its revenue targets from planned divestments, following already huge shortfalls from planned asset sales in recent years.
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Government Sells $5-Billion PSU Shares in 2015, Readies Next Year Pipeline
The government's disinvestment kitty has almost doubled this year with over Rs 35,000 crore garnered through stake sales in PSUs, but not without the help of its all-time saviour Life Insurance Corporation (LIC), while a strong pipeline is ready for 2016 with blue chips like NTPC, Coal India and ONGC (Oil & Natural Gas Corporation).
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Foreign Investors Want Deferment of Coal India Stake Sale: Report
Opposing an immediate stake sale in Coal India Ltd, foreign investors have told the Finance Ministry that further disinvestment in the coal miner should be put off as the current market valuation is low.
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Eight Banks Submit Bids to Manage $3.2 Billion Coal India Stake Sale: Report
Eight investment banks including HSBC and India's ICICI Securities and SBI Capital have submitted bids to manage a 10-percent stake divestment in state-owned Coal India, IFR reported, citing a person close to the deal.
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Government Says Disinvestment Challenges Due to Commodities Slump
As challenges emerge in meeting the mammoth Rs 69,500-crore disinvestment target for this fiscal year, the government has said this is due to the global commodity slowdown as many identified PSUs are from this space.
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CIL Stake Sale: Foreign Bankers Flag Green Compliance, Says Report
The government has for the third time extended deadline for appointment of merchant bankers for the mega Rs 21,000-crore share sale in Coal India Ltd after global investment banks flagged concerns over the company allegedly not meeting green commitments.
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Disinvestment Department Seeks Tax Incentives for Retail Investors: Report
In a bid to broad base retail participation in stock markets, the Department of Disinvestment has suggested tax incentives for small investors to park funds in the equity market.
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Government May Offload 10% in Coal India in FY16
The government may sell a 10 per cent stake in Coal India this fiscal year itself through a public offer, which could fetch around Rs 22,000 crore to the exchequer.
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Government to Sell 10% Stake in Coal India
The government is aiming to sell a 10 per cent stake valued at around $3.7 billion in top coal miner Coal India Ltd through a stock market auction, as part of its drive to raise money from reducing holdings in companies.
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FY16 Divestment Target to be Around Rs 43,000 Crore: Report
Finance Minister Arun Jaitley, in the Budget for 2015-16, is likely to target around Rs 43,000 crore from disinvestment proceeds, almost the same level that the government expects to realise from stake sale in public sector undertakings or PSUs this fiscal year.
-
Centre To Sell Up To 3% Stake In Coal India, Floor Price Fixed At Rs 225 Per share
The government will offload up to 3 per cent stake in Coal India Ltd through the offer for sale route starting on Thursday and the disinvestment will fetch at least Rs 4,158 crore for the exchequer.
-
Government Looks At Rs 20,000 Crore By Selling Stakes In Two Firms: Report
PM Modi in February had planned to raise as much as Rs 2.1 lakh crore selling state assets
-
Government Wants PSUs To Emulate Private Sector, Buy Back Shares: Report
The government wants cash-rich public sector companies like Coal India, Oil India and NTPC to take a cue from the private sector and use surplus cash to buy back shares and improve balance sheets.
-
Coal India Stake Sale May Spill Over to Next Fiscal Year: Report
Sale of a 10 per cent stake in Coal India is likely to be deferred to next fiscal year as the government wants to wait for stability in the equity markets for a better valuation.
-
Next Fiscal Divestment Targets to be Set at 'Realistic Levels': Report
Plagued by poor investor appetite for state-owned assets, the government was likely to scale back its revenue targets from planned divestments, following already huge shortfalls from planned asset sales in recent years.
-
Government Sells $5-Billion PSU Shares in 2015, Readies Next Year Pipeline
The government's disinvestment kitty has almost doubled this year with over Rs 35,000 crore garnered through stake sales in PSUs, but not without the help of its all-time saviour Life Insurance Corporation (LIC), while a strong pipeline is ready for 2016 with blue chips like NTPC, Coal India and ONGC (Oil & Natural Gas Corporation).
-
Foreign Investors Want Deferment of Coal India Stake Sale: Report
Opposing an immediate stake sale in Coal India Ltd, foreign investors have told the Finance Ministry that further disinvestment in the coal miner should be put off as the current market valuation is low.
-
Eight Banks Submit Bids to Manage $3.2 Billion Coal India Stake Sale: Report
Eight investment banks including HSBC and India's ICICI Securities and SBI Capital have submitted bids to manage a 10-percent stake divestment in state-owned Coal India, IFR reported, citing a person close to the deal.
-
Government Says Disinvestment Challenges Due to Commodities Slump
As challenges emerge in meeting the mammoth Rs 69,500-crore disinvestment target for this fiscal year, the government has said this is due to the global commodity slowdown as many identified PSUs are from this space.
-
CIL Stake Sale: Foreign Bankers Flag Green Compliance, Says Report
The government has for the third time extended deadline for appointment of merchant bankers for the mega Rs 21,000-crore share sale in Coal India Ltd after global investment banks flagged concerns over the company allegedly not meeting green commitments.
-
Disinvestment Department Seeks Tax Incentives for Retail Investors: Report
In a bid to broad base retail participation in stock markets, the Department of Disinvestment has suggested tax incentives for small investors to park funds in the equity market.
-
Government May Offload 10% in Coal India in FY16
The government may sell a 10 per cent stake in Coal India this fiscal year itself through a public offer, which could fetch around Rs 22,000 crore to the exchequer.
-
Government to Sell 10% Stake in Coal India
The government is aiming to sell a 10 per cent stake valued at around $3.7 billion in top coal miner Coal India Ltd through a stock market auction, as part of its drive to raise money from reducing holdings in companies.
-
FY16 Divestment Target to be Around Rs 43,000 Crore: Report
Finance Minister Arun Jaitley, in the Budget for 2015-16, is likely to target around Rs 43,000 crore from disinvestment proceeds, almost the same level that the government expects to realise from stake sale in public sector undertakings or PSUs this fiscal year.
