Finance ministry banking on CPSE acquisitions, buybacks to meet FY19 disinvestment target
6 years, 2 months ago

Finance ministry banking on CPSE acquisitions, buybacks to meet FY19 disinvestment target

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The Finance Ministry is banking on merger and acquisitions among CPSEs and share buybacks by state-run companies to meet the Rs 80,000-crore disinvestment target for the current fiscal. New Delhi: The Finance Ministry is banking on merger and acquisitions among CPSEs and share buybacks by state-run companies to meet the Rs 80,000-crore disinvestment target for the current fiscal. A Finance Ministry official said there are liquidity constraints in the market for the past 3-4 months and such conditions would persist till there are uncertainties in global markets and crude prices remain volatile. Besides, the Finance Ministry has also shortlisted about a dozen Central Public Sector Enterprises, including Coal India, NTPC, Nalco and NMDC, for a possible buyback of shares in the ongoing financial year.

History of this topic

Finance Ministry revises norms for dividend payments, share buybacks, stock splits for PSUs
1 month, 4 weeks ago
Centre plans buybacks, OFS in PSUs for FY23 goal
1 year, 11 months ago
PFC, REC merger hits roadblock as amalgamation to violate RBI norms on debt exposure of state-owned shadow banking firm
4 years, 11 months ago
Successful disinvestment of BPCL, CONCOR to lay path for ambitious stake sales in future: Garg
4 years, 11 months ago
Finance Ministry reworking strategic sale procedure to ensure outright sale of central public sector enterprises
5 years, 8 months ago
First-ever sale of 'enemy shares'; buyback by CPSEs yield over Rs 11,300 cr to exchequer in FY19
5 years, 9 months ago
Modi government exceeds disinvestment target for the second time in a row, completes first-ever sale of ‘enemy shares’
5 years, 9 months ago
Finance ministry shortlists 11 CPSEs for share buyback in the ongoing financial year
6 years, 4 months ago
TCS to buyback shares worth Rs 16,000 crore; check details here
6 years, 7 months ago

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