Department Of Disinvestment
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"Delighted It's Back": Tata Group Takes Over Air India After 69 Years
Tata group has officially taken over Air India from the government on Thursday. "We are totally delighted to have Air India back at the Tata group and are committed to making this a world-class airline," Tata Sons Chairman N Chandrasekaran said. Mr Chandrasekaran also met Prime Minister Narendra Modi ahead of the official handover. "The strategic d...
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LIC, India's Biggest-Ever IPO, To Open Mid-March: What We Know So Far
Woefully short of its disinvestment target for the current fiscal (2021-22), which is a humungous Rs 1.75 lakh crore, government is keen to push the countrys biggest ever public offering of Life Insurance Corporation of India (LIC), through which it is looking to raise anything between Rs 50,000 crore to Rs 90,000 crore, as per the initial public o...
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All Central Ministries, Departments Asked To Clear Air India's Dues
Finance Ministry's notification came after Air India ended its credit facility to the government as it has been sold off to Tata Sons
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Government Issues Letter Of Intent To Tata Group For Air India Sale
The government on Monday issued a letter of intent confirming the sale of its 100 per cent stake in loss-making Air India to Tata Group
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Government To Complete Air India, Bharat Petroleum Disinvestment In 2021-22
Government is aiming to complete privatisation of Air India and Bharat Petroleum Corporation Limited (BPCL) during the current financial year.
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Government Brings Department Of Public Enterprises Under Finance Ministry
The government has brought Department of Public Enterprises (DPE) under the Finance Ministry in a bid facilitate its ambitious disinvestment programme.
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Government Set To Privatise Central Electronics, Invites Bids By March 16
"The government of India has 'in-principle' decided to disinvest 100 per cent of its equity shareholding in CEL (which is equivalent to 100 per cent of the total paid-up equity share capital of CEL) through Strategic Disinvestment with transfer of management control (Strategic Disinvestment or Transaction)," DIPAM, the Disinvestment Department, sai...
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Rs 87,000 Crore Needed To Meet Disinvestment Target: Report
The other disinvestments in FY20 so far have been -- Bharat 22 ETF FFO 2 (Further Funds Offer) at Rs 4,368.80 crore and IRCTC listing fetching Rs 637.97 crore. The CPSE ETF FFO-5 has mopped up Rs 10,000 crore and Rail Vikash Nigam Ltd's IPO received Rs 475.89 crore.
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Bharat 22 ETF Follow-On Offer Closes Today, Details Here
S&P BSE Bharat 22 Index is designed to measure the performance of select companies disinvested by the central government.
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Listing Process Of Three Rail PSUs Kick-Started By Finance Ministry
The Department of Investment and Public Asset Management is scouting for merchant bankers to manage the initial public offering (IPO) of the three PSUs, which is under the administrative control of the Rail Ministry.
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Government On Course To Achieve FY17 Disinvestment Target: Official
The Government has already garnered Rs 23,500 crore by divesting its stakes in PSUs so far in the current fiscal.
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Cabinet May Consider Five Methods For Strategic Sale Valuation
The Finance Ministry feels that valuation of equity becomes important in the case of strategic sale of companies that are not listed or in cases where capital markets may not fully reflect the intrinsic worth of a share disinvested earlier.
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NMDC, Nalco Share Sales May Kick Off In March Quarter: Report
The government plans sale of 10 per cent stake each in Nalco, NMDC and MOIL, which could fetch about Rs 6,000 crore to the exchequer at the current market price.
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Government May Get Rs 6,500 Crore As NMDC, MOIL To Buy Back Shares: Report
NMDC and MOIL will buy back 25 per cent of paid-up shares for about Rs 10,000 crore, two-third of which may accrue to the government.
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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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"Delighted It's Back": Tata Group Takes Over Air India After 69 Years
Tata group has officially taken over Air India from the government on Thursday. "We are totally delighted to have Air India back at the Tata group and are committed to making this a world-class airline," Tata Sons Chairman N Chandrasekaran said. Mr Chandrasekaran also met Prime Minister Narendra Modi ahead of the official handover. "The strategic d...
-
LIC, India's Biggest-Ever IPO, To Open Mid-March: What We Know So Far
Woefully short of its disinvestment target for the current fiscal (2021-22), which is a humungous Rs 1.75 lakh crore, government is keen to push the countrys biggest ever public offering of Life Insurance Corporation of India (LIC), through which it is looking to raise anything between Rs 50,000 crore to Rs 90,000 crore, as per the initial public o...
-
All Central Ministries, Departments Asked To Clear Air India's Dues
Finance Ministry's notification came after Air India ended its credit facility to the government as it has been sold off to Tata Sons
-
Government Issues Letter Of Intent To Tata Group For Air India Sale
The government on Monday issued a letter of intent confirming the sale of its 100 per cent stake in loss-making Air India to Tata Group
-
Government To Complete Air India, Bharat Petroleum Disinvestment In 2021-22
Government is aiming to complete privatisation of Air India and Bharat Petroleum Corporation Limited (BPCL) during the current financial year.
-
Government Brings Department Of Public Enterprises Under Finance Ministry
The government has brought Department of Public Enterprises (DPE) under the Finance Ministry in a bid facilitate its ambitious disinvestment programme.
-
Government Set To Privatise Central Electronics, Invites Bids By March 16
"The government of India has 'in-principle' decided to disinvest 100 per cent of its equity shareholding in CEL (which is equivalent to 100 per cent of the total paid-up equity share capital of CEL) through Strategic Disinvestment with transfer of management control (Strategic Disinvestment or Transaction)," DIPAM, the Disinvestment Department, sai...
-
Rs 87,000 Crore Needed To Meet Disinvestment Target: Report
The other disinvestments in FY20 so far have been -- Bharat 22 ETF FFO 2 (Further Funds Offer) at Rs 4,368.80 crore and IRCTC listing fetching Rs 637.97 crore. The CPSE ETF FFO-5 has mopped up Rs 10,000 crore and Rail Vikash Nigam Ltd's IPO received Rs 475.89 crore.
-
Bharat 22 ETF Follow-On Offer Closes Today, Details Here
S&P BSE Bharat 22 Index is designed to measure the performance of select companies disinvested by the central government.
-
Listing Process Of Three Rail PSUs Kick-Started By Finance Ministry
The Department of Investment and Public Asset Management is scouting for merchant bankers to manage the initial public offering (IPO) of the three PSUs, which is under the administrative control of the Rail Ministry.
-
Government On Course To Achieve FY17 Disinvestment Target: Official
The Government has already garnered Rs 23,500 crore by divesting its stakes in PSUs so far in the current fiscal.
-
Cabinet May Consider Five Methods For Strategic Sale Valuation
The Finance Ministry feels that valuation of equity becomes important in the case of strategic sale of companies that are not listed or in cases where capital markets may not fully reflect the intrinsic worth of a share disinvested earlier.
-
NMDC, Nalco Share Sales May Kick Off In March Quarter: Report
The government plans sale of 10 per cent stake each in Nalco, NMDC and MOIL, which could fetch about Rs 6,000 crore to the exchequer at the current market price.
-
Government May Get Rs 6,500 Crore As NMDC, MOIL To Buy Back Shares: Report
NMDC and MOIL will buy back 25 per cent of paid-up shares for about Rs 10,000 crore, two-third of which may accrue to the government.
-
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.
