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  • PSUs to be allowed to carry forward losses accumulated prior to divestment: CBDT Sep 11, 2021 03:03 PM IST

    PSUs to be allowed to carry forward losses accumulated prior to divestment: CBDT

    New Delhi, Sep 10 In order to make disinvestment deals of ailing state-owned firms more attractive for strategic investors, the government on Frida..

  • Crossword sale will reduce costs, but bigger battle awaits Shoppers Stop Sep 02, 2021 09:48 AM IST

    Crossword sale will reduce costs, but bigger battle awaits Shoppers Stop

    Crossword lost money last fiscal and Shoppers Stop has lowered the value of its investment in the unit

  • Air India bidders to be offered indemnity over claims arising from Cairn tax dispute: Report Sep 01, 2021 05:54 PM IST

    Air India bidders to be offered indemnity over claims arising from Cairn tax dispute: Report

    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

  • L&T concludes divestment of entire stake in 99 MW hydro plant at Uttarakhand to ReNew Power Aug 31, 2021 01:16 PM IST

    L&T concludes divestment of entire stake in 99 MW hydro plant at Uttarakhand to ReNew Power

    The stake sale was completed following the completion of customary conditions precedent agreed under the Securities Purchase Agreement dated August 11, 2021.

  • Air India employees to vacate residential houses within 6 months of divestment: Report Aug 26, 2021 02:39 PM IST

    Air India employees to vacate residential houses within 6 months of divestment: Report

    Air India Provident Fund Trust will also be transferred to the Employees Provident Fund Office (EPFO) after divestment.

  • Asset monetisation plan is a win-win for all stakeholders Aug 24, 2021 12:04 PM IST

    Asset monetisation plan is a win-win for all stakeholders

    Given the low-interest rate scenario and markets touching new highs, the retail investor is looking for assets offering better yields and capital security

  • Ahead of privatisation, govt may inject funds into three general insurers: Report Aug 17, 2021 10:25 AM IST

    Ahead of privatisation, govt may inject funds into three general insurers: Report

    The government has set an ambitious divestment target of Rs 1.75 lakh crore for the fiscal year 2021-22.

  • 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.

  • 115 Air India properties sold, Rs 738 crore raised since 2015: Govt Jul 29, 2021 06:28 PM IST

    115 Air India properties sold, Rs 738 crore raised since 2015: Govt

    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.

  • Divestment in three public sector entities on the cards ahead of LIC IPO: Report Jul 29, 2021 12:06 PM IST

    Divestment in three public sector entities on the cards ahead of LIC IPO: Report

    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

  • Cabinet to approve 100% FDI in BPCL to boost divestment process Jul 22, 2021 11:22 AM IST

    Cabinet to approve 100% FDI in BPCL to boost divestment process

    Opening up FDI in the state-run company will broaden its bidder pool and improve chances of quick privatisation.

  • Air India divestment | Centre may limit employee benefits till private owner takes over: Report Jul 22, 2021 03:19 AM IST

    Air India divestment | Centre may limit employee benefits till private owner takes over: Report

    The Centre is looking to call for bids in September and efforts are being made to ensure the same goes through.

  • Oil Ministry opposes NITI Aayog’s proposal to monetise core assets Jun 23, 2021 01:06 PM IST

    Oil Ministry opposes NITI Aayog’s proposal to monetise core assets

    The ministry has instead put forward non-core assets worth Rs 17,500 crore from PSUs

  • Govt may sell a minimum 26% stake in IDBI Bank; seeks legal, transaction advisors Jun 22, 2021 07:01 PM IST

    Govt may sell a minimum 26% stake in IDBI Bank; seeks legal, transaction advisors

    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

  • Ideas For Profit | IDBI Bank: Divestment to drive stock upside? Jun 15, 2021 08:51 PM IST

    Ideas For Profit | IDBI Bank: Divestment to drive stock upside?

    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.

  • Concor land licensing fee deal faces private sector ire Jun 14, 2021 02:04 PM IST

    Concor land licensing fee deal faces private sector ire

    Industry body raises concerns regarding the preferential treatment being given to Concor, which is soon going to be a private entity through divestment

  • Niti Aayog submits names of PSU banks to be privatised to Core Group of Secys on Disinvestment Jun 04, 2021 01:12 PM IST

    Niti Aayog submits names of PSU banks to be privatised to Core Group of Secys on Disinvestment

    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.

  • Exclusive | BPCL privatisation may be further delayed over open offer to Petronet, IGL shareholders May 27, 2021 02:07 PM IST

    Exclusive | BPCL privatisation may be further delayed over open offer to Petronet, IGL shareholders

    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.

  • JSPL's power plant sale merits a higher price and a simpler structure May 26, 2021 10:12 AM IST

    JSPL's power plant sale merits a higher price and a simpler structure

    The initial sale price by JSPL implies a steep 55 percent discount to the replacement cost of the power plants

  • CONCOR divestment: Land lease fee resolved, now comes the tricky part May 25, 2021 10:38 AM IST

    CONCOR divestment: Land lease fee resolved, now comes the tricky part

    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

  • COVID-19 crisis delays government's FY22 strategic divestment plans May 20, 2021 10:08 AM IST

    COVID-19 crisis delays government's FY22 strategic divestment plans

    The Centre still hopes to receive bids for Air India by September and expecting to close the Air India, BPCL transactions in FY22.

  • Explained | Impact of Cairn Energy's lawsuit on Air India's divestment plans May 17, 2021 07:10 PM IST

    Explained | Impact of Cairn Energy's lawsuit on Air India's divestment plans

    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.

  • Centre gives Rs 15,000 crore in long-term loans to states for capex spending Apr 30, 2021 04:38 PM IST

    Centre gives Rs 15,000 crore in long-term loans to states for capex spending

    The loans include Rs 5,000 crore to incentivise states to monetise their assets and divest their PSUs.

  • BPCL acquires Oman's 36.6% stake in Bina Refinery Mar 31, 2021 06:02 PM IST

    BPCL acquires Oman's 36.6% stake in Bina Refinery

    The deal for buying Oman’s stake comes at a time when the government is looking to offload its entire stake in BPCL.

  • Govt achieved revised divestment target for FY2021: Report Mar 31, 2021 10:55 AM IST

    Govt achieved revised divestment target for FY2021: Report

    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.

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