Psu Disinvestment

Shares of Indian Overseas Bank, Bank of India, Central Bank of India and Bank of Maharashtra rallied as much as 20 per cent

The Union Budget is likely to keep the disinvestment estimates at almost the same level as in the current fiscal, people in the know of the matter said.

The government has set a divestment target of Rs 1.05 lakh crore for the current fiscal year ending March 31, 2020.

With Rs 52,500 crore coming in from disinvestment so far this fiscal, the government has exceeded Rs 45,500 crore raised through PSU stake sale last fiscal

This is the second time in little over a month that Air India has floated tenders for short tenure loans.

National Aluminium Company Ltd is the first disinvestment of the current fiscal year, which started on April 1.

With this, the disinvestment proceeds of 2016-17 has exceeded the revised estimates (RE) of Rs 45,500 crore set in 2017-18 Budget.

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.

At the current market pricing of Rs 999.50 a share, 26 per cent stake of BEML could fetch the exchequer over Rs 1,000 crore.

NITI Aayog has prepared a list of public sector units where the government can sell its majority stake to private companies in order to bring in greater efficiency and professionalism in functioning.

The life insurance behemoth's stake in the state-run construction firm has gone up to 8.11% following its participation in NBCC's offer for sale which happened last week.

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.

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.

Earlier, the highest ever employee participation was recorded during the offer of Indian Oil Corporation in May when nearly 40 per cent of the employees participated, applying for 53.17 per cent of the 1.2 crore shares on offer.

NITI Aayog has made a case for strategic sale in as many as 44 public sector undertakings where the government can reduce its holding below 50 per cent by selling its stake.

Shares of Indian Overseas Bank, Bank of India, Central Bank of India and Bank of Maharashtra rallied as much as 20 per cent

The Union Budget is likely to keep the disinvestment estimates at almost the same level as in the current fiscal, people in the know of the matter said.

The government has set a divestment target of Rs 1.05 lakh crore for the current fiscal year ending March 31, 2020.

With Rs 52,500 crore coming in from disinvestment so far this fiscal, the government has exceeded Rs 45,500 crore raised through PSU stake sale last fiscal

This is the second time in little over a month that Air India has floated tenders for short tenure loans.

National Aluminium Company Ltd is the first disinvestment of the current fiscal year, which started on April 1.

With this, the disinvestment proceeds of 2016-17 has exceeded the revised estimates (RE) of Rs 45,500 crore set in 2017-18 Budget.

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.

At the current market pricing of Rs 999.50 a share, 26 per cent stake of BEML could fetch the exchequer over Rs 1,000 crore.

NITI Aayog has prepared a list of public sector units where the government can sell its majority stake to private companies in order to bring in greater efficiency and professionalism in functioning.

The life insurance behemoth's stake in the state-run construction firm has gone up to 8.11% following its participation in NBCC's offer for sale which happened last week.

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.

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.

Earlier, the highest ever employee participation was recorded during the offer of Indian Oil Corporation in May when nearly 40 per cent of the employees participated, applying for 53.17 per cent of the 1.2 crore shares on offer.

NITI Aayog has made a case for strategic sale in as many as 44 public sector undertakings where the government can reduce its holding below 50 per cent by selling its stake.