Rec Stake Sale
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- News
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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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Disinvestment Target for FY17 Set at Rs 56,500 Crore
Volatile market conditions have affected disinvestment plan in 2015-16.
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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.
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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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Strong Demand for REC Shares Boosts Asset Sale Drive
The governments plan to raise $11.1 billion (Rs 68,820 crore at 1 dollar = 62 rupees) from asset sales this year was given a boost on Wednesday when it sold a 5 per cent stake in Rural Electrification Corp Ltd (REC) and investors bid for more than five times the number of shares on offer.
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Government to Kick Off FY16 Divestment With REC's up to $250 Million Stake Sale
The government has set the floor price for an up to $250 million share sale in state-run Rural Electrification Corp Ltd at Rs 315 rupees apiece, kicking off its stake divestment programme for the fiscal year that started on April 1.
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REC Falls as Government Decides to Divest 5% Stake
Post this stake sale, the government's holding in the company will come down to 60.64 per cent from 65.64 per cent now.
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REC Stake Sale on Wednesday; Government to Get Rs 1,600 Cr
The government will sell a 5 per cent stake in Rural Electrification Corporation (REC) on April 8 to mop up close to Rs 1,600 crore, marking the first disinvestment of the current fiscal year.
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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.
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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.
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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).
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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.
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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.
-
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
-
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.
-
Disinvestment Target for FY17 Set at Rs 56,500 Crore
Volatile market conditions have affected disinvestment plan in 2015-16.
-
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.
-
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.
-
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.
-
Strong Demand for REC Shares Boosts Asset Sale Drive
The governments plan to raise $11.1 billion (Rs 68,820 crore at 1 dollar = 62 rupees) from asset sales this year was given a boost on Wednesday when it sold a 5 per cent stake in Rural Electrification Corp Ltd (REC) and investors bid for more than five times the number of shares on offer.
-
Government to Kick Off FY16 Divestment With REC's up to $250 Million Stake Sale
The government has set the floor price for an up to $250 million share sale in state-run Rural Electrification Corp Ltd at Rs 315 rupees apiece, kicking off its stake divestment programme for the fiscal year that started on April 1.
-
REC Falls as Government Decides to Divest 5% Stake
Post this stake sale, the government's holding in the company will come down to 60.64 per cent from 65.64 per cent now.
-
REC Stake Sale on Wednesday; Government to Get Rs 1,600 Cr
The government will sell a 5 per cent stake in Rural Electrification Corporation (REC) on April 8 to mop up close to Rs 1,600 crore, marking the first disinvestment of the current fiscal year.
-
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.
-
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.
