Psu Stake Sale

The government is considering mid-sized to small banks for its first round of privatisation to test the waters.

The government has invited preliminary bids for strategic sale of 26 per cent stake along with transfer of management control in defence PSU BEML.

The government has decided to sell 30 per cent stake in the company to a strategic partner, along with transfer of management control. The government currently holds 54.8 per cent stake in Concor. The stake sale in this PSU will fetch the Centre Rs 5,500 crore.

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.

Instead, the unions said, ensuring "proper governance in the system" and "removing political interference" will address the problem of NPAs.

Exit from BPCL and SCI and sale of 30% equity in Concor will help government mop up Rs 70,000-75,000 crore.

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

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.

Finance Minister Arun Jaitley said the names of PSUs that are up for strategic stake sale would be made public once they are going to be put up for the auction.

The Union Cabinet is likely to consider the proposal of NITI Aayog for strategic stake sale in over a dozen PSUs, including profit making ones.

The government is considering mid-sized to small banks for its first round of privatisation to test the waters.

The government has invited preliminary bids for strategic sale of 26 per cent stake along with transfer of management control in defence PSU BEML.

The government has decided to sell 30 per cent stake in the company to a strategic partner, along with transfer of management control. The government currently holds 54.8 per cent stake in Concor. The stake sale in this PSU will fetch the Centre Rs 5,500 crore.

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.

Instead, the unions said, ensuring "proper governance in the system" and "removing political interference" will address the problem of NPAs.

Exit from BPCL and SCI and sale of 30% equity in Concor will help government mop up Rs 70,000-75,000 crore.

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

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.

Finance Minister Arun Jaitley said the names of PSUs that are up for strategic stake sale would be made public once they are going to be put up for the auction.

The Union Cabinet is likely to consider the proposal of NITI Aayog for strategic stake sale in over a dozen PSUs, including profit making ones.