Pfc Stake Sale

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  State-Owned Entities Barred From Bidding For Companies Marked For Divestment

  Finance Ministry has barred public sector enterprises from bidding for other (CPSEs) which are on the block for privatisation

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  Power Finance To Buy Over 52% Stake In REC, Says Government

  The sale may allow the government to say that it is getting closer to meeting its target of raising Rs 80,000 crore through the sale of government stakes in various entities in the year ending March 31, 2019.

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  Will Come Out With Alternative Disinvestment Plan Soon: Jaitley

  The government will come out with an alternative strategy in 2-4 weeks to push PSU disinvestment in volatile markets, Finance Minister Arun Jaitley said on Friday.

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  Department Wants Disinvestment Target to be Scaled Down: Report

  The Department of Disinvestment wants that PSU stake sale target for the current fiscal year be more than halved to Rs 30,000 crore in view of volatility in the stock markets.

• PFC Q1 Net Profit Up 9% at Rs 1,576 Crore

  Government's 5 per cent stake sale in power sector lender PFC recently was lapped up by investors, fetching about Rs 1,600 crore to the exchequer.

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  After REC, PFC, It's BHEL's Turn for Divestment: Sources

  Sources in finance ministry have told NDTV that a 5 per cent stake sale in BHEL is likely to be the next offer for sale (OFS) from the divestment department.

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  Government Set to Raise Rs 1,678 Cr From Power Finance Stake Sale

  The government is set to raise about $260 million from sale of a 5 per cent stake in Power Finance Corp Ltd, after the share auction received bids for more than twice the number on offer.

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  Government Sets Floor Price at Rs 254 for PFC Stake Sale

  At the floor price, the government is expected to mobilise around Rs 1,676 crore through the divestment.

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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.

• PFC Share Sale Likely Next Week: Report

  The government is likely to sell a 5 per cent stake in both Power Finance Corporation Ltd (PFC) and Dredging Corporation of India Ltd as it races to narrow its fiscal gap to a targeted seven-year low by March, when the financial year ends.

• Disinvestment Department to Appoint Law Firm for PFC, REC Stake Sales

  The government is planning to sell stakes in Power Finance Corp (PFC) and Rural Electrification Corp (REC) through the Offer for Sale (OFS) route and has also initiated the process of appointing merchant bakers for that.

• Government Seeks Bids From Banks to Manage PFC, REC Share Sale

  The government on Monday invited bids from investment banks to manage planned share sales in state-run Power Finance Corp Ltd (PFC) and Rural Electrification Corp Ltd (REC), which could raise a combined $515 million (Rs 3,090 crore at 1 dollar = 60 rupees).

• Power, Finance Ministry Officials to Meet Over REC Disinvestment on Wednesday: Report

  To take forward the disinvestment plans of Power Finance Corp (PFC) and Rural Electrification Corp (REC), officials from the Finance and Power Ministry will meet on Wednesday to discuss the road ahead.

• PSU Stake Sale Likely to Kick Off in September

  The government will kick off its big-bang disinvestment drive with 5 per cent stake sale in SAIL in September, followed by ONGC and power sector PSUs like REC, PFC and NHPC.

• Govt meeting on ONGC divestment cancelled

  The Centre has cancelled a meeting of empowered group of ministers (EGoM) on divestment of Oil and Natural Gas Corporation (ONGC) that was to be held on February 27.