Strategic Disinvestment
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Centre Calls Off Strategic Disinvestment Of Chopper Service Provider Pawan Hans
The government on Monday decided to call off the strategic disinvestment of Pawan Hans as the successful bidding consortium Star9 Mobility Pvt Ltd was disqualified in view of pending legal cases.
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Over Rs 4 Lakh Crore Raised Through Disinvestment Since 2014, Says Centre
The government has raised over Rs 4.04 lakh crore through disinvestment and strategic sale of public sector enterprises since the Modi government came into power in 2014, the Finance Ministry said.
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Centre Raises Over Rs 4 Lakh Crore Through Disinvestment Since 2014
Strategic sales in 10 companies, including Air India, yielded Rs 69,412 crore to the exchequer in the last 8 years. Share buyback in 45 cases fetched Rs 45,104 crore.
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Centre To Hold Consultations To Decide On Privatisation Of Banks
In the Union Budget for the financial year (FY) 2021-22, Union Minister Bhagwat Karad said, the government's intent to take up privatisation of two PSBs and approval of a policy of strategic disinvestment of Public Sector Enterprises (PSEs) was announced.
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SEBI Says Can Relax Norms For Government For Strategic Disinvestment
The board of Sebi approved amending the takeover regulations in the context of strategic disinvestment of PSUs and consideration payable under open offer.
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"Delighted It's Back": Tata Group Takes Over Air India After 69 Years
Tata group has officially taken over Air India from the government on Thursday. "We are totally delighted to have Air India back at the Tata group and are committed to making this a world-class airline," Tata Sons Chairman N Chandrasekaran said. Mr Chandrasekaran also met Prime Minister Narendra Modi ahead of the official handover. "The strategic d...
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Supreme Court Orders CBI Probe In Centre's 2002 Hindustan Zinc Disinvestment
Two decades after the first NDA government decided to divest stake in Hindustan Zinc Ltd (HZL) to a strategic partner - SOVL, the Supreme Court Thursday ordered the CBI to register a case into the various alleged irregularities.
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Air India Employees Consortium Disqualified From Divestment Process
Air India Employees Consortium submitted an ''expression of interest'', last year, to participate in strategic divestment of the national carrier Air India.
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Government Heading Towards Second Process of Air India Disinvestment
The two processes of the strategic disinvestment of Air India include -- submission of ''Expression of Interest'', which was completed on December 14, and the second process ''Request for Proposal''
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Government Opens Bids To Sell 64% Stake In Shipping Corporation
Ministry of Finance invited global expression of interest for strategic disinvestment of 63.75 per cent shares held by the government in Shipping Corporation of India
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Government To Privatise State-Run Firms In Non-Strategic Sectors: Nirmala Sitharaman
Only one-four state-run enterprises will be allowed in strategic sectors, and the rest will be eventually privatised, merged or brought under holding companies, the Finance Minister said.
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Government Set To Privatise Central Electronics, Invites Bids By March 16
"The government of India has 'in-principle' decided to disinvest 100 per cent of its equity shareholding in CEL (which is equivalent to 100 per cent of the total paid-up equity share capital of CEL) through Strategic Disinvestment with transfer of management control (Strategic Disinvestment or Transaction)," DIPAM, the Disinvestment Department, sai...
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Successful Bidder Would Continue To Use Air India Brand: Civil Aviation Minister
The government on Monday announced sale of 100 per cent stake in debt-laden Air India as it issued the preliminary bid document for the strategic disinvestment and has set March 17, as the deadline for submitting expression of interest. As part of the strategic disinvestment, Air India would also sell 100 per cent stake in low-cost airline Air I...
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Government Plans Strategic Stake Sales In 28 Companies
The government has so far raised Rs 17,364 crore ($2.43 billion) in the 2019-20 fiscal year ending in March, against the full-year's target of Rs 1.05 lakh crore.
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Cabinet Approves New Strategic Disinvestment Process: Officials
This was done with a view to streamlining and speeding up the process, reducing the role of administrative ministries which often used to place hurdles in the path of major stake sales, officials said.
-
Centre Calls Off Strategic Disinvestment Of Chopper Service Provider Pawan Hans
The government on Monday decided to call off the strategic disinvestment of Pawan Hans as the successful bidding consortium Star9 Mobility Pvt Ltd was disqualified in view of pending legal cases.
-
Over Rs 4 Lakh Crore Raised Through Disinvestment Since 2014, Says Centre
The government has raised over Rs 4.04 lakh crore through disinvestment and strategic sale of public sector enterprises since the Modi government came into power in 2014, the Finance Ministry said.
-
Centre Raises Over Rs 4 Lakh Crore Through Disinvestment Since 2014
Strategic sales in 10 companies, including Air India, yielded Rs 69,412 crore to the exchequer in the last 8 years. Share buyback in 45 cases fetched Rs 45,104 crore.
-
Centre To Hold Consultations To Decide On Privatisation Of Banks
In the Union Budget for the financial year (FY) 2021-22, Union Minister Bhagwat Karad said, the government's intent to take up privatisation of two PSBs and approval of a policy of strategic disinvestment of Public Sector Enterprises (PSEs) was announced.
-
SEBI Says Can Relax Norms For Government For Strategic Disinvestment
The board of Sebi approved amending the takeover regulations in the context of strategic disinvestment of PSUs and consideration payable under open offer.
-
"Delighted It's Back": Tata Group Takes Over Air India After 69 Years
Tata group has officially taken over Air India from the government on Thursday. "We are totally delighted to have Air India back at the Tata group and are committed to making this a world-class airline," Tata Sons Chairman N Chandrasekaran said. Mr Chandrasekaran also met Prime Minister Narendra Modi ahead of the official handover. "The strategic d...
-
Supreme Court Orders CBI Probe In Centre's 2002 Hindustan Zinc Disinvestment
Two decades after the first NDA government decided to divest stake in Hindustan Zinc Ltd (HZL) to a strategic partner - SOVL, the Supreme Court Thursday ordered the CBI to register a case into the various alleged irregularities.
-
Air India Employees Consortium Disqualified From Divestment Process
Air India Employees Consortium submitted an ''expression of interest'', last year, to participate in strategic divestment of the national carrier Air India.
-
Government Heading Towards Second Process of Air India Disinvestment
The two processes of the strategic disinvestment of Air India include -- submission of ''Expression of Interest'', which was completed on December 14, and the second process ''Request for Proposal''
-
Government Opens Bids To Sell 64% Stake In Shipping Corporation
Ministry of Finance invited global expression of interest for strategic disinvestment of 63.75 per cent shares held by the government in Shipping Corporation of India
-
Government To Privatise State-Run Firms In Non-Strategic Sectors: Nirmala Sitharaman
Only one-four state-run enterprises will be allowed in strategic sectors, and the rest will be eventually privatised, merged or brought under holding companies, the Finance Minister said.
-
Government Set To Privatise Central Electronics, Invites Bids By March 16
"The government of India has 'in-principle' decided to disinvest 100 per cent of its equity shareholding in CEL (which is equivalent to 100 per cent of the total paid-up equity share capital of CEL) through Strategic Disinvestment with transfer of management control (Strategic Disinvestment or Transaction)," DIPAM, the Disinvestment Department, sai...
-
Successful Bidder Would Continue To Use Air India Brand: Civil Aviation Minister
The government on Monday announced sale of 100 per cent stake in debt-laden Air India as it issued the preliminary bid document for the strategic disinvestment and has set March 17, as the deadline for submitting expression of interest. As part of the strategic disinvestment, Air India would also sell 100 per cent stake in low-cost airline Air I...
-
Government Plans Strategic Stake Sales In 28 Companies
The government has so far raised Rs 17,364 crore ($2.43 billion) in the 2019-20 fiscal year ending in March, against the full-year's target of Rs 1.05 lakh crore.
-
Cabinet Approves New Strategic Disinvestment Process: Officials
This was done with a view to streamlining and speeding up the process, reducing the role of administrative ministries which often used to place hurdles in the path of major stake sales, officials said.
