Sep 11, 2021 03:03 PM IST
New Delhi, Sep 10 In order to make disinvestment deals of ailing state-owned firms more attractive for strategic investors, the government on Frida..
- Sep 02, 2021 09:48 AM IST
Crossword lost money last fiscal and Shoppers Stop has lowered the value of its investment in the unit
- Sep 01, 2021 05:54 PM IST
Air India was drawn into the dispute after Cairn told a US court that the carrier was an “an alter ego” of the Indian government, and its assets in America could be seized to recover the arbitration amount
- Aug 31, 2021 01:16 PM IST
The stake sale was completed following the completion of customary conditions precedent agreed under the Securities Purchase Agreement dated August 11, 2021.
- Aug 26, 2021 02:39 PM IST
Air India Provident Fund Trust will also be transferred to the Employees Provident Fund Office (EPFO) after divestment.
- Aug 24, 2021 12:04 PM IST
Given the low-interest rate scenario and markets touching new highs, the retail investor is looking for assets offering better yields and capital security
- Aug 17, 2021 10:25 AM IST
The government has set an ambitious divestment target of Rs 1.75 lakh crore for the fiscal year 2021-22.
- Aug 11, 2021 11:19 AM IST
"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.
- Jul 29, 2021 06:28 PM IST
The government on July 8 held its latest round of auctions of Air India's properties where it was looking to sell the national carrier's properties including apartments and commercial space across major cities, in a bid to raise around Rs 270 crore.
- Jul 29, 2021 12:06 PM IST
Stakes in Rashtriya Chemical and Fertilizers, National Fertilisers and Mishra Dhatu Nigam will be divested within the next quarter, via offer on sale (OFS) route
- Jul 22, 2021 11:22 AM IST
Opening up FDI in the state-run company will broaden its bidder pool and improve chances of quick privatisation.
- Jul 22, 2021 03:19 AM IST
The Centre is looking to call for bids in September and efforts are being made to ensure the same goes through.
- Jun 23, 2021 01:06 PM IST
The ministry has instead put forward non-core assets worth Rs 17,500 crore from PSUs
- Jun 22, 2021 07:01 PM IST
The government has not yet finalized how much stake to sell and will do so in consultation with the RBI, LIC Ltd, and the appointed transaction advisor, a senior government official told Moneycontrol. The stake offloaded could be anything between 26 percent (the minimum required to transfer management control) and the centre's entire stake, which is currently at 45.5 percent
- Jun 15, 2021 08:51 PM IST
IDBI bank is all set for sale with Cabinet Committee on Economic Affairs giving its in-principle approval for strategic disinvestment and transfer of management control. The board of LIC has also passed a resolution to the same effect. Both, LIC and the government, plan to sell all or part of their stake in the lender. Undoubtedly, privatisation would unlock value of IDBI’s deposit franchise. With the bank’s market cap to deposits ratio at just 18% compared to over 30% for small to mid-sized private banks, there is possibility of further upside in valuation.
- Jun 14, 2021 02:04 PM IST
Industry body raises concerns regarding the preferential treatment being given to Concor, which is soon going to be a private entity through divestment
- Jun 04, 2021 01:12 PM IST
Following the clearance from the Core Group of Secretaries, headed by the Cabinet Secretary, the finalised names will go to Alternative Mechanism (AM) for its approval and eventually to the Cabinet headed by the Prime Minister for the final nod.
- May 27, 2021 02:07 PM IST
SEBI norms require the winning bidder to make open offers to buy 26 percent stake in Petronet LNG and Indraprastha Gas, in which BPCL is a promoter. This can be avoided if BPCL sells its stake in these companies but that would take months.
- May 26, 2021 10:12 AM IST
The initial sale price by JSPL implies a steep 55 percent discount to the replacement cost of the power plants
- May 25, 2021 10:38 AM IST
CONCOR has paid significantly lower land licence fee in FY21 against the initial demand by Indian Railways. The land lease fee is estimated to reduce in FY22
- May 20, 2021 10:08 AM IST
The Centre still hopes to receive bids for Air India by September and expecting to close the Air India, BPCL transactions in FY22.
- May 17, 2021 07:10 PM IST
There are three major issues the government will face while trying to complete its divestment in Air India -- the timeline for the completion of stake sale, valuation of Air India and its assets, and a potential seizure of Air India’s assets by Cairn.
- Apr 30, 2021 04:38 PM IST
The loans include Rs 5,000 crore to incentivise states to monetise their assets and divest their PSUs.
- Mar 31, 2021 06:02 PM IST
The deal for buying Oman’s stake comes at a time when the government is looking to offload its entire stake in BPCL.
- Mar 31, 2021 10:55 AM IST
Due to the pandemic, the divestment process in the first five months of FY21 was completely stalled due to which the target was revised to Rs 32,000 crores.