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  • Govt receives around Rs 814 crore from 5 CPSEs as dividend this fiscal Oct 18, 2021 06:25 PM IST

    Govt receives around Rs 814 crore from 5 CPSEs as dividend this fiscal

    OIL, KIOCL and SJVN have paid about Rs 92 crore, Rs 99 crore and Rs 94 crore respectively as dividend tranches to the government, Pandey added.

  • BPCL, SCI, BEML, CEL sales likely to conclude in FY22; CONCOR delayed: DIPAM Secy Oct 12, 2021 08:52 PM IST

    BPCL, SCI, BEML, CEL sales likely to conclude in FY22; CONCOR delayed: DIPAM Secy

    The Container Corporation of India Ltd (Concor) has built terminals to house containers on land leased from the Indian Railways on a per container licence fee basis.

  • Air India Divestment | Govt issues LoI to Tatas, SPA to be signed soon Oct 11, 2021 08:20 PM IST

    Air India Divestment | Govt issues LoI to Tatas, SPA to be signed soon

    Earlier on October 9, Tata Sons acquired the debt-laden Air India with a winning bid of Rs 18,000 crore.

  • Work to monetise Alliance Air, 3 other Air India subsidiaries to start now: DIPAM Secretary Tuhin Kanta Pandey Oct 10, 2021 02:07 PM IST

    Work to monetise Alliance Air, 3 other Air India subsidiaries to start now: DIPAM Secretary Tuhin Kanta Pandey

    The government on October 8 had announced that salt-to-software conglomerate Tatas have won the bid to acquire debt-laden national carrier Air India for Rs 18,000 crore.

  • Tata Group wins the bid to acquire 'Maharaja', take a look Oct 08, 2021 09:24 PM IST

    Tata Group wins the bid to acquire 'Maharaja', take a look

    The Tata’s will pay Rs 18,000 crore to the government. The reserve price was fixed at Rs 12,906 crore.

  • Govt receives over Rs 2,800 crore dividend from Coal India, ONGC this fiscal Oct 05, 2021 08:16 PM IST

    Govt receives over Rs 2,800 crore dividend from Coal India, ONGC this fiscal

    'Government of India has respectively received about Rs 1426 crore from Coal India Ltd and Rs 1406 cr from ONGC as dividend in this FY recently,' DIPAM Secretary Tuhin Kanta Pandey tweeted.

  • Tata Sons wins bid for Air India, official announcement awaited Oct 01, 2021 11:13 AM IST

    Tata Sons wins bid for Air India, official announcement awaited

    A panel of ministers has reportedly accepted Tata Sons' proposal to take over Air India

  • IDBI Bank strategic sale: Most merchant bankers indicate 52 weeks' time; KPMG places Re 1/bid Sep 19, 2021 02:33 PM IST

    IDBI Bank strategic sale: Most merchant bankers indicate 52 weeks' time; KPMG places Re 1/bid

    The Cabinet had in May given in-principle approval for IDBI Bank's strategic disinvestment along with transfer of management control.

  • Tatas, SpiceJet's Ajay Singh launch financial bids for Air India Sep 15, 2021 06:06 PM IST

    Tatas, SpiceJet's Ajay Singh launch financial bids for Air India

    AI disinvestment process now moves towards conclusion.

  • LIC IPO | Government appoints Kotak Mahindra, JP Morgan, Goldman Sachs, others as intermediaries Sep 08, 2021 06:40 PM IST

    LIC IPO | Government appoints Kotak Mahindra, JP Morgan, Goldman Sachs, others as intermediaries

    According to the latest circular, LIC appointed Kotak Mahindra Capital Company, Goldman Sachs India Securities, JP Morgan India, ICICI Securities, JM Financial, Citigroup Global Markets India, Nomura Financial Advisory and Securities (India), Axis Capital, DSP Merrill Lynch, and SBI Capital Markets as book running lead managers.

  • Govt to sell up to 25% stake in NSC via IPO; invites bids from merchant bankers for listing process Aug 12, 2021 10:12 PM IST

    Govt to sell up to 25% stake in NSC via IPO; invites bids from merchant bankers for listing process

    The last date for submitting bids by merchant bankers and legal advisors is September 1.

  • Confident of completing Air India, BPCL privatisation this fiscal: DIPAM Secretary Aug 11, 2021 11:19 AM IST

    Confident of completing Air India, BPCL privatisation this fiscal: DIPAM Secretary

    "There is a very big privatization agenda and that would mean that apart from NCLT, there will be a lot of assets on offer which will come from the public sector," Tuhin Kanta Pandey said.

  • Institutional buyers put in Rs 870 crore of bids for HUDCO share sale Jul 27, 2021 08:50 PM IST

    Institutional buyers put in Rs 870 crore of bids for HUDCO share sale

    The government is selling up to 8 percent stake sale in HUDCO at a floor price of Rs 45 apiece.

  • LIC IPO | Government issues tenders for transaction advisors Jul 15, 2021 07:34 PM IST

    LIC IPO | Government issues tenders for transaction advisors

    In its RFPs, DIPAM said that the potential size of the IPO is expected to be larger than any precedent in Indian markets.

  • IDBI Bank disinvestment: Govt approves 100% stake sale by Centre, LIC Jul 09, 2021 06:12 PM IST

    IDBI Bank disinvestment: Govt approves 100% stake sale by Centre, LIC

    While the Cabinet Committee on Economic Affairs has allowed the sale of the entire stake, the exact quantam will be decided as the process unfolds. The Centre and LIC together own nearly 95 percent of IDBI Bank currently.

  • Centre gets multiple EoIs for privatisation of Neelachal Ispat Nigam, informs DIPAM Secy Mar 29, 2021 06:38 PM IST

    Centre gets multiple EoIs for privatisation of Neelachal Ispat Nigam, informs DIPAM Secy

    DIPAM had in January invited preliminary bids for strategic sale of NINL. The last date for bid submission was March 29.

  • Offer for sale of government equity in Tata Communications opens on March 16 for non-retail investors Mar 15, 2021 07:32 PM IST

    Offer for sale of government equity in Tata Communications opens on March 16 for non-retail investors

    Retail investors would be allowed to bid for the government stake on March 17, which is the second day of the sale.

  • Govt gets multiple bids for Shipping Corporation of India privatisation Mar 01, 2021 08:40 PM IST

    Govt gets multiple bids for Shipping Corporation of India privatisation

    The Cabinet had in November last year given an in-principle approval for strategic divestment of Shipping Corp and Container Corp of India Ltd.

  • Oil India, Engineers India and Assam govt to pick up BPCL stake in Numaligarh refinery for Rs 9,876 crore Mar 01, 2021 08:10 PM IST

    Oil India, Engineers India and Assam govt to pick up BPCL stake in Numaligarh refinery for Rs 9,876 crore

    The transaction is likely to happen this month and is considered to be the first step towards the privatisation of BPCL.

  • Centre’s divestment strategy: PM Narendra Modi, FM Nirmala Sitharaman to address webinar on implementation of Budget announcements Feb 23, 2021 01:02 PM IST

    Centre’s divestment strategy: PM Narendra Modi, FM Nirmala Sitharaman to address webinar on implementation of Budget announcements

    As a part of the 'Aatmanirbhar Bharat' package announced in May 2020, the government has lined key areas where bare minimum public sector undertakings will be maintained and the rest will be privatised.

  • Pawan Hans privatisation receives multiple bids, says DIPAM Secretary Tuhin Kanta Pandey Feb 18, 2021 10:05 PM IST

    Pawan Hans privatisation receives multiple bids, says DIPAM Secretary Tuhin Kanta Pandey

    After multiple failed attempts, the Department of Investment and Public Asset Management (DIPAM) had in December invited bids for strategic sale, along with transfer of management control, of helicopter service provider Pawan Hans.

  • Centre extends bid submission deadline for Shipping Corp to March 1 Feb 12, 2021 05:37 PM IST

    Centre extends bid submission deadline for Shipping Corp to March 1

    The Cabinet had in November last year gave in-principle approval for strategic divestment of Shipping Corp and Container Corp of India Ltd. However, the plans were delayed due to the pandemic.

  • Govt to sell 20% stake in National Fertilizers Ltd through offer for sale Feb 10, 2021 06:36 PM IST

    Govt to sell 20% stake in National Fertilizers Ltd through offer for sale

    At the current market price, selling 20 percent stake can fetch about Rs 400 crore to the exchequer.

  • Budget 2021 | Govt to go big on privatisation in FY22; FM announces details of strategic sector policy Feb 01, 2021 12:29 PM IST

    Budget 2021 | Govt to go big on privatisation in FY22; FM announces details of strategic sector policy

    The government has pegged the disinvestment target for FY22 at Rs 1.75 lakh crore. This will include the shedding of Centre's stake in two state-owned banks and a general insurance company, and large-scale asset sales, Finance Minister Nirmala Sitharaman said during her budget presentation.

  • Centre invites EoIs for strategic divestment of Neelachal Ispat Nigam Jan 25, 2021 08:46 PM IST

    Centre invites EoIs for strategic divestment of Neelachal Ispat Nigam

    NINL, which became India’s largest exporter of saleable pig iron since 2004-05, has been reeling under losses, compelling the government to include the public sector unit in its disinvestment plan.

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