Disinvestment

The move won’t affect government’s majority ownership and management control, the report said

Inter-ministerial group to meet today, to discuss IDBI Bank's strategic sale

The financial bids are expected to be invited from shortlisted suitors soon, a government official said

LIC, IDBI stake sales expected to help Centre surpass FY26 disinvestment target

Government expects up to Rs 80,000 crore from disinvestment in LIC and IDBI, the two key transactions, against the Rs 47,000 crore Budget target for capital receipts

Government may delay HZL stake sale amid strong dividend inflows

Buoyed by robust payouts, the Centre is re-evaluating its strategy to monetise the remaining 27.94% stake in Hindustan Zinc. The Centre may explore a QIP or other routes to offload stake in tranches

Should investors bet on IDBI Bank’s disinvestment?

The real attraction for the potential buyer will be IDBI Bank’s huge deposits of Rs 282,000 crore as of December last year

Centre prepares blueprint for up to 20% stake sale in 5 public sector banks: Report

The move is being planned to meet the Securities and Exchange Board of India’s (Sebi’s) minimum public shareholding norm, the newspaper said

Govt moves Calcutta HC to revive Bengal Chemicals' strategic sale

In the past, court rulings have stalled privatisation efforts despite the PSU’s return to profitability.

Budget Snapshot | Dividends Over Divestments: The government's new playbook

The prevailing sentiment appears to favour maximizing returns through dividends rather than divestment

SCI strategic sale likely to be delayed until FY26 on lease transfer issues

The primary issue stalling the process is the transfer of lease of non-core assets from the SCI to Shipping Corporation of India Land and Assets Limited. The Mumbai collector has submitted the proposal to the state's revenue department, but the process got bogged down on extensive bureaucratic consultations, sources tell Moneycontrol.

Cabinet okays sale of MSTC's entire stake in FSNL to Konoike Transport for Rs 320 crore

Under the transaction, the Japanese firm will also get the control of the management, a government statement said

Is the premium valuation of IDBI Bank factoring in the impending deal?

The real attraction for the potential buyer will be IDBI Bank’s huge deposits of Rs 277,548 crore

DIPAM keen on listing green subsidiaries of PSUs, says Tuhin Kanta Pandey

Tuhin Kanta Pandey was talking about DIPAM's disinvestment strategy and the five elements that are part of it, at a FICCI event.

Govt focused on becoming a more privatised economy: DIPAM Secretary on PSE policy timeline

Timeline of PSE policy has been moved up. Green initiatives by public companies can lead to IPOs by their subsidiaries if they reach a certain size

Budget Snapshot: Will the market boom push the government to raise its disinvestment target?

Many PSU stocks are trading at record high valuations, making them ripe for disinvestment. The market capitalization of PSUs has doubled over the past year, and now exceed $800 billion

Centre has total divestment potential of Rs 11.5 lakh crore at current valuations: CareEdge Report

According to the report, about Rs 5 lakh crore worth of divestments can come from Central Public Sector Enterprises (CPSEs), while public sector banks and insurance firms could add another Rs 6.5 trillion. The total estimate is the maximum the government can achieve without losing its control over these firms, the report said

Shipping Corp strategic sale may proceed without further delay: Govt official

The Maharashtra cabinet has already given a stamp duty exemption. The SCI building in Maharashtra is now with its demerged entity, Shipping corporation of India Land and Assets Limited.

Should investors bet big on the disinvestment of IDBI Bank?

A change of promoters can inject new life into the bank and drive the stock price up

Won't do disinvestments just to fill gap in Budget, says Finance Secretary TV Somanathan

We are looking at a more integrated strategy where decisions are not taken based on short-term fiscal priorities, or to fill some gap in the budget by having to dispose of certain shares at certain points in time, Somanathan explained.

Govt open to SBI, ONGC disinvestments; looking to improve PSU valuations: FM Nirmala Sitharaman

Currently, the government holds a controlling 57.49 percent stake in SBI and 58.89 percent stake in ONGC.

No fixed disinvestment target in FY25 Budget, says DIPAM Secretary

The government's disinvestment strategy must be calibrated while also focussing on the creation of wealth, Tuhin Kanta Pandey said

Budget and its numbers: A breakdown of key estimates for FY25

The budget contains a multitude of numbers, one as important as the next. Here, Moneycontrol tells you which numbers matter the most and what they mean for the economy in 2024-25

Centre sets Rs. 50,000 cr disinvestment target for FY25, fails to meet FY24 projection

For the current fiscal year 2023-24, the Union Budget has scaled down the disinvestment revenue target in the revised estimates to Rs 30,000 crore

Budget Snapshot: More misses than hits in disinvestment target

This year, the budgeted disinvestment target was Rs 51,000 crore, but realisation has so far been only Rs 10,051 crore

Union Budget 2024: What to expect on government’s disinvestment target

Union Budget 2024: The Union Budget for FY2023-24 had set a disinvestment target of Rs 51,000 crore. However, the government has realised only Rs 10,051 crore so far

Difficult to estimate quantum of disinvestment proceeds in FY24: FinMin

The Budget Estimate for disinvestment receipts in 2023-24 has been kept at Rs 51,000 crore