Ravi Mathur

Ekta Kapoor threw a grand birthday bash for her son which was attended by many known actors and directors from the film and television industry.

Shaktikanta Das, a 1980 batch IAS officer, was on Saturday appointed as the Revenue Secretary, replacing Rajiv Takru.

Moving ahead with the residual stake sale in Hindustan Zinc Ltd (HZL) and Bharat Aluminium Company (Balco), an inter-ministerial panel has begun the process of valuation of the two companies so as to complete the deals by the end of March.

A ministerial panel on disinvestment on Thursday approved sale of a 10 per cent stake in Engineers India through a follow-on public offer (FPO) by the government, which may fetch Rs 500 crore to the exchequer.

The government aims to raise RS 40,000 crore through stake sales in the current fiscal year ending March 2014, but has so far only managed to raise around $160 million.

There is a need for simplifying the pricing mechanism in the offer-for-sale route while divesting stakes in state owned companies, Divestment Secretary Ravi Mathur said today.

The Empowered Group of Ministers on Disinvestment, headed by Finance Minister P Chidambaram, met and decided on the pricing of the share sale. The base price will be made public only after the close of market on Thursday.

The public offer to sell 12.5 per cent stake in Rashtriya Chemical and Ferilisers (RCF), which could fetch around Rs 300 crore to the exchequer, will hit the markets on March 8, a top government official said on Wednesday.

Empowered Group of Ministers (EGoM) chaired by Finance Minister P Chidambaram is expected to meet today to decide on time and price of 9.5 per cent stake sale in power major NTPC which could fetch Rs 12,000 crore to the exchequer.

The government today garnered Rs 3,100 crore from sale of 10 per cent stake in Oil India (OIL), which was a resounding success with the issue being lapped up by more than twice the number investors originally targeted.

The government is likely to raise Rs 27,000 crore through sale of its stake in state-run companies, 10 percent lower than the initial target for the current fiscal year ending in March, Disinvestment Secretary Ravi Mathur told reporters on Thursday.

Ekta Kapoor threw a grand birthday bash for her son which was attended by many known actors and directors from the film and television industry.

Shaktikanta Das, a 1980 batch IAS officer, was on Saturday appointed as the Revenue Secretary, replacing Rajiv Takru.

Moving ahead with the residual stake sale in Hindustan Zinc Ltd (HZL) and Bharat Aluminium Company (Balco), an inter-ministerial panel has begun the process of valuation of the two companies so as to complete the deals by the end of March.

A ministerial panel on disinvestment on Thursday approved sale of a 10 per cent stake in Engineers India through a follow-on public offer (FPO) by the government, which may fetch Rs 500 crore to the exchequer.

The government aims to raise RS 40,000 crore through stake sales in the current fiscal year ending March 2014, but has so far only managed to raise around $160 million.

There is a need for simplifying the pricing mechanism in the offer-for-sale route while divesting stakes in state owned companies, Divestment Secretary Ravi Mathur said today.

The Empowered Group of Ministers on Disinvestment, headed by Finance Minister P Chidambaram, met and decided on the pricing of the share sale. The base price will be made public only after the close of market on Thursday.

The public offer to sell 12.5 per cent stake in Rashtriya Chemical and Ferilisers (RCF), which could fetch around Rs 300 crore to the exchequer, will hit the markets on March 8, a top government official said on Wednesday.

Empowered Group of Ministers (EGoM) chaired by Finance Minister P Chidambaram is expected to meet today to decide on time and price of 9.5 per cent stake sale in power major NTPC which could fetch Rs 12,000 crore to the exchequer.

The government today garnered Rs 3,100 crore from sale of 10 per cent stake in Oil India (OIL), which was a resounding success with the issue being lapped up by more than twice the number investors originally targeted.

The government is likely to raise Rs 27,000 crore through sale of its stake in state-run companies, 10 percent lower than the initial target for the current fiscal year ending in March, Disinvestment Secretary Ravi Mathur told reporters on Thursday.