Divestment Secretary

The NTPC offer for sale (OFS) on day one was subscribed 1.8 times with non retail subscribers putting in bids for Rs 59.6 crore shares.

Retailer education is really important: Divestment secy

Divestment secretary Aradhana Johri says: "The price that secondary market finally fell to was actually above the price at which a retailer would have got it. So, he still would have made money but then a lot of retailers go by sentiment, they don't know the market."

Need to tweak OFS rules to avoid double pricing: Govt

There is a need for simplifying the pricing mechanism in the offer-for-sale route while divesting stakes in state owned companies, Divestment Secretary Ravi Mathur said on Wednesday.

Govt for tweaking OFS method to avoid double pricing: Secy

There is a need for simplifying the pricing mechanism in the offer-for-sale route while divesting stakes in state owned companies, Divestment Secretary Ravi Mathur said today.

NTPC, Oil India issues likely in January: Divestment secy

Divestment secretary DK Mittal says NTPC issue is likely in second half of January or early February. He also expects Oil India issue in first half of January. "Oil India issue is likely before NTPC," he adds.

To focus on IPOs considering mkt situation: Divestment secy

The government may not miss its divestment targets this year. In an interview to CNBC-TV18, Mohammed Haleem Khan, Divestment Secretary said that the government will focus on IPOs considering the market situation.

To include ONGC, SAIL FPO proceeds in FY12: Divestment Secy

The Finance Minister, in his budget speech on Monday set the divestment target for financial year 2012 at Rs 40,000 crore. This, divestment secretary Sumit Bose says is realistic. "The proceeds of two of the largest follow-on public offer—SAIL and ONGC—will be accounted for in the next fiscal," he said.