Department Of Investment And Public Asset Management

Govt aims to start next phase of airport privatisation in 2025-26 Budget

As part of the central government's National Monetisation Pipeline (NMP) 25 Airport Authority of India (AAI) airports have been earmarked for leasing between 2022-2025.

Emirates NBD & Prem Watsa-led Fairfax Group may join IDBI Bank race, stock gains

The government and LIC together are looking to sell 60.72 per cent in IDBI Bank and had invited bids from potential buyers in October. The last date for submitting Expression of Interest (EoI) or preliminary bids was set at December 16, which was later extended to January 7.

DIPAM begins roadshow for Concor divestment from today

The government is attempting to entice private investors to purchase its 30.8 percent share in CONCOR which accounts for almost Rs 8,000 crore.

Govt gets multiple preliminary bids for HLL Lifecare privatisation

The Department of Investment and Public Asset Management (DIPAM) had initially on December 14 invited preliminary bids for selling the government’s 100 per cent stake in the health sector CPSE.

Disinvestment is not a bad word, all it needs is a rethink

The government should seriously think of selling its stake in loss-making entities operating in the non-strategic sector

Govt plans to list railway PSUs RVNL, IRFC in Jul-Sep quarter

In the RITES IPO, the government is selling 12 per cent stake or 2.52 crore equity shares, including 12 lakh shares to employees.

Centre hope meet PSUs' holding cap through special funds

The Securities and Exchange Board of India (SEBI) and the government are looking at various options to work around the challenges the Centres faces to offload its stakes in public sector companies to meet the August 2017, reported Business Standard.

See royalty payment impact on PAT at Rs 1600-1700 cr: ONGC

ONGC will have to settle dues worth Rs 2500 crore and this could have a Rs 1600-1700- crore impact on profit, says Director-Finance AK Srinivasan.

Discounts make ETF attractive; expect strong upside: DIPAM Secy

In an interview to CNBC-TV18 Neeraj Kumar Gupta, Secretary, Department of Investment and Public Asset Management (DIPAM) spoke about his views on Central Public Sector Enterprises Exchange Traded fund (CPSE ETF).

Govt to sell 51% stake in Pawan Hans, transfer control

Moving ahead with the strategic sale of Pawan Hans, the government today said it will sell its entire 51 percent stake and transfer the management control of the helicopter service operator.

Govt achieves 60% of divestment target; raises Rs 23,500 cr

The government has managed to garner over Rs 23,500 crore through selling its stake in public sector enterprises during the first nine months of the current fiscal, representing nearly 60 percent of the disinvestment target, said Manish Singh, Joint Secretary, Department of Investment and Public Asset Management (DIPAM)

Disinvestment kitty swells to Rs 34,800 cr this year

This year will be also remembered as watershed for the government's disinvestment programme as Prime Minister Narendra Modi sought to transform the Disinvestment Department from a mere seller of government stake in central PSUs to DIPAM - the manager of its assets.

Govt's divestment kitty to swell by Rs 16,000 crore

Besides the usual OFS (offer for sale) route for disinvestment, the newly created Department of Investment and Public Asset Management (DIPAM) has nudged PSUs to buy back shares if they have extra cash which are not put to use for capital expenditure.

FinMin asks profit making PSUs to consider stock split

The Department of Investment and Public Asset Management (DIPAM) in a recent letter to Central Public Sector Enterprises (CPSEs) has asked them to pay dividend at the rate of 30 percent of net profit or 5 percent of the networth, whichever is higher.

Govt kick-starts process to sell 12.03% in ITDC

The Department of Investment and Public Asset Management (DIPAM), previously known as Disinvestment Department, has invited bids from merchant bankers to assist the government in the disinvestment process of ITDC, which runs a chain of hotels and restaurants.

Roadmap for disinvestment will be implemented: Shaktikanta Das

The government has set a disinvestment target of Rs 56,500 crore for the current fiscal. Of this, Rs 30,000 crore will come from minority stake sale and the remaining Rs 26,500 crore from strategic stake sale. It has already raised Rs 2,700 crore through 11.36 percent stake sale in NHPC.