Niti Aayog working on second list of PSU divestment
8 years, 6 months ago

Niti Aayog working on second list of PSU divestment

Firstpost  

In June, the think tank had submitted to the government the roadmap for closure and strategic sale of government stake in some PSUs New Delhi: After submission of the first list of PSUs for closure or sell off to the government, Niti Aayog is now working on another list for disinvestment. In June, the think tank had submitted to the government the roadmap for closure and strategic sale of government stake in some PSUs. Of this, Rs 36,000 crore is to come from minority stake sale in PSUs and Rs 20,500 crore from strategic sale. Recently, Heavy Industries Minister Anant Geete said the ministry will seek an in-principle approval from Cabinet for disinvesting government’s stake in loss making automaker Scooters India.

Sale Disinvestment Crore Stake Psu Niti Aayog Psus Strategic Sale  sale  rs  disinvestment  second  stake  psu  working  psus  closure  raised  divestment  crore  submitted  list  strategic  aayog  niti

History of this topic

Disinvestment: The government must take a clear stance on PSE stake sales
2 weeks, 6 days ago

Disinvestment: The government must take a clear stance on PSE stake sales

Live Mint  

In recent years, the government’s policy on disinvestment has been cloudy. Its move to grant Indian Railway Catering and Tourism Corporation and Indian Railway Finance Corporation ‘Navratna’ status should bring back attention to this aspect of India’s policy. Navratna status is awarded on the basis of such criteria as the company’s earnings per share, inter-sectoral performance and key measures like …

India to ditch privatisation plans, pour billions in state-run firms, Reuters reports
1 month, 3 weeks ago

India to ditch privatisation plans, pour billions in state-run firms, Reuters reports

Live Mint  

NEW DELHI - Indian Prime Minister Narendra Modi is pouring billions into ailing state-run firms after slowing ambitious divestment plans that were intended to reduce the role of the state in business, according to government sources and a document reviewed by Reuters. The government is planning to infuse around $230 million-$350 million in Pawan Hans to modernise its aging fleet …

'Govt has no business to be in business': FY23 PSU disinvestment target of Rs 65,000 crore achievable
3 years, 1 month ago

'Govt has no business to be in business': FY23 PSU disinvestment target of Rs 65,000 crore achievable

Firstpost  

In her Budget 2022-23 speech, FM Nirmala Sitharaman has kept clarity about keeping privatisation low-key, under the radar if possible. This is in line with the statement Prime Minister Narendra Modi made last year on 24 February: “The government has no business to be in business.” So, in her Budget 2022-23 speech, she said, “Towards implementation of the new public …

Opinion | No dearth of privatisation critics but Centre must go ahead with PSU sale in 2022
3 years, 2 months ago

Opinion | No dearth of privatisation critics but Centre must go ahead with PSU sale in 2022

Firstpost  

Just like the strategic sale of Balco in 2001, when the government sold its 51 percent equity in the aluminum major, galvanised privatisation in the country, Air India sale has the potential of accelerating the pace of disinvestment. From Air India privatisation and other minority stake sales, the government has mopped up Rs 9,240 crore, according to the Department of …

Budget 2021: A push to privatise India
4 years, 1 month ago

Budget 2021: A push to privatise India

India Today  

Budget 2021-22 makes a concerted push toward getting the government out of commercial sectors, a move in line with the Narendra Modi government’s stated agenda of minimum government. On this count, finance minister Nirmala Sitharaman has budgeted for revenues of Rs 1.75 lakh crore from stake sales of public sector companies, including two public sector banks and one insurance company. …

Budget 2021: Disinvestment target for FY22 pegged at Rs 1.75 lakh crore
4 years, 1 month ago

Budget 2021: Disinvestment target for FY22 pegged at Rs 1.75 lakh crore

India Today  

To fill its depleted coffers impacted by the Covid-19 pandemic, Finance Minister Nirmala Sitharaman on Monday announced Rs 1.75 lakh crore as the disinvestment target for FY 2021-22. She said strategic sale of IDBI Bank, BPCL, Shipping Corp, Container Corporation, Neelachal Ispat Nigam Ltd, Pawan Hans, Air India among others, would be completed in 2021-22 fiscal year beginning April 1. …

Govt to Go Ahead with Divestment of 23 PSUs Cleared by Cabinet, Says Nirmala Sitharaman
4 years, 7 months ago

Govt to Go Ahead with Divestment of 23 PSUs Cleared by Cabinet, Says Nirmala Sitharaman

News 18  

The government is working on completing the stake sale process of about 23 public sector companies whose divestment has already been cleared by the Cabinet, Finance Minister Nirmala Sitharaman said on Monday. Talking about disinvestment plans, the minister said the government wants to sell stake in public sector companies at a time when it fetches the right price. Of this, …

Stiff divestment target of Rs 2.10 lakh-cr to finance govt
5 years, 1 month ago

Stiff divestment target of Rs 2.10 lakh-cr to finance govt

Deccan Chronicle  

Mumbai: Stiffer divestment target of Rs 2.10 lakh crore, double of current fiscal year target of Rs 1.05 lakh crore and higher than even last five years divestment receipts surprised everyone. “A tall divestment target will be keenly monitored but signifies a big intent towards fiscal prudence,” said Sailesh Raj Bhan, deputy CIO — Equity Investments, Nippon India Mutual Fund. …

Govt plans to sell 15 pc stake in HAL via offer for sale
5 years, 1 month ago

Govt plans to sell 15 pc stake in HAL via offer for sale

India TV News  

The government is planning to sell 15 per cent stake in Hindustan Aeronautics Ltd through an offer for sale, which could fetch about Rs 4,000 crore to the exchequer. It holds 89.97 per cent stake in state-owned defence firm HAL, which was listed on the stock exchanges in March 2018. "The government intends to divest 15 per cent paid-up equity …

Dipam, Niti Aayog aim to cut govt stake in select CPSEs to below 51%
5 years, 5 months ago

Dipam, Niti Aayog aim to cut govt stake in select CPSEs to below 51%

India TV News  

The government will start consultations soon with Niti Aayog and Energy and Petroleum Ministries to bring down its equity holding below 51 per cent, including change of norms and modes of doing the stake dilution in very few select PSUs to begin with. At the initial stage it will be 2-3 PSUs where government stake in these PSUs would be …

Govt aims to raise ₹15,000 crore by cutting stakes in 18 PSUs to 75%: Report
5 years, 8 months ago

Govt aims to raise ₹15,000 crore by cutting stakes in 18 PSUs to 75%: Report

Live Mint  

New Delhi: India's government aims to raise up to 150 billion rupees by reducing its stake in 18 state firms to 75%, a finance ministry official involved in the matter said on Monday, as it looks to boost revenues and rein in the fiscal deficit. Finance Minister Nirmala Sitharaman set an ambitious target of 1.05 trillion rupees from the sale …

Govt aims to reduce stake in state-run firms to minimum in FY20 to meet disinvestment target figure of Rs 1.05 lakh cr
5 years, 8 months ago

Govt aims to reduce stake in state-run firms to minimum in FY20 to meet disinvestment target figure of Rs 1.05 lakh cr

Firstpost  

The government will initiate privatisation of CPSEs as it sets a record high disinvestment target of Rs 1.05 lakh crore that will see the government lowering its stake in some CPSEs to below 51%. New Delhi: The government will attempt to cut its shareholding in state-run companies in 2019/20 to the minimum required under the rules, a government official said, …

Govt exploring if it can cede control in CPSEs on case-to-case basis (LD Disinvestment)
5 years, 8 months ago

Govt exploring if it can cede control in CPSEs on case-to-case basis (LD Disinvestment)

India TV News  

The Union Budget on Friday hiked the disinvestment target for the year to Rs 1,05,000 crore, up from Rs 90,000 set in the interim Budget. The disinvestment target for 2019-20 is Rs 1.05 lakh crore," said Finance Minister Nirmala Sitharaman, while presenting the Budget in the Lok Sabha on Friday. The government has decided to modify the present policy of …

Union Budget 2019: Disinvestment is government’s preferred way to liquidate loss-making, inefficient PSUs
5 years, 9 months ago

Union Budget 2019: Disinvestment is government’s preferred way to liquidate loss-making, inefficient PSUs

Firstpost  

The concept of disinvestment follows the dictum: The government has no business to be in business Ever since India opened up its economy to the world, the government has been distancing itself from industrial production. According to the Department of Investment and Public Asset Management, this fund is managed by UTI Asset Management Company Ltd., SBI Funds Management Private Ltd. …

Govt to divest 25% in RailTel Corporation, invites bids from merchant bankers to manage IPO
5 years, 10 months ago

Govt to divest 25% in RailTel Corporation, invites bids from merchant bankers to manage IPO

Firstpost  

The government will appoint up to three merchant bankers to manage the listing process and has invited bids from them by 11 June New Delhi: The government is looking to divest up to 25 percent stake in RailTel Corporation, and is scouting for merchant bankers to manage the listing process. The government will appoint up to three merchant bankers to …

Govt plans to divest up to 15% in RITES via OFS, eyes to raise about Rs 700 cr; DIPAM to assist in sale process
5 years, 10 months ago

Govt plans to divest up to 15% in RITES via OFS, eyes to raise about Rs 700 cr; DIPAM to assist in sale process

Firstpost  

At the current market price, sale of 15 percent stake in RITES would fetch around Rs 700 crore to the government. New Delhi: The government is planning to divest up to 15 percent stake in railway public sector undertaking RITES through an offer for sale, which could fetch around Rs 700 crore to the exchequer. Railways consultancy firm RITES got …

Finance Ministry reworking strategic sale procedure to ensure outright sale of central public sector enterprises
5 years, 10 months ago

Finance Ministry reworking strategic sale procedure to ensure outright sale of central public sector enterprises

Firstpost  

Currently, there is no set timeline for concluding strategic sale of a state-owned company and the entire process, in some cases, drags on for months, if not years. New Delhi: The finance ministry is reworking strategic sale procedure to ensure outright sale of Central Public Sector Enterprises within 4 months of issuance of documents to potential investors, a move aimed …

First-ever sale of 'enemy shares'; buyback by CPSEs yield over Rs 11,300 cr to exchequer in FY19
6 years ago

First-ever sale of 'enemy shares'; buyback by CPSEs yield over Rs 11,300 cr to exchequer in FY19

Firstpost  

Enemy property refers to the assets left behind by people who migrated to Pakistan or China and are no longer citizens of India. New Delhi: Sale of ’enemy shares’ and buyback of stocks by Central Public Sector Enterprises have together yielded the government over Rs 11,300 crore, thus helping the exchequer mop up Rs 85,000 crore from disinvestment in the …

Modi government exceeds disinvestment target for the second time in a row, completes first-ever sale of ‘enemy shares’
6 years ago

Modi government exceeds disinvestment target for the second time in a row, completes first-ever sale of ‘enemy shares’

Op India  

The sale of ‘enemy shares’ and the buybacks of Central Public Sector Enterprises have together generated a sum of Rs 11,300 crore for the government, thus helping the exchequer mop up Rs 85,000 crore from disinvestment in the current financial year. After the Cabinet’s go-ahead to the Department of Investment and Public Asset Management to sell such shares held in …

Disinvestment exceeds target at ₹85,000 crore: FM
6 years ago

Disinvestment exceeds target at ₹85,000 crore: FM

Live Mint  

New Delhi: The centre has exceeded its disinvestment target for the fiscal year 2018-19, finance minister Arun Jaitley said on Friday. “As against a target of ₹80,000 crore for disinvestment for the current year, the divestment receipts have touched ₹85,000 crore today,” Jaitley said in a tweet. In the fiscal year 2017-18, the government had exceeded the target of ₹1 …

Eight PSUs to hit capital markets next fiscal: DIPAM secretary Neeraj Gupta
7 years, 1 month ago

Eight PSUs to hit capital markets next fiscal: DIPAM secretary Neeraj Gupta

Live Mint  

New Delhi: As many as eight public sector companies, including Hindustan Aeronautics and RITES, will hit the capital markets next fiscal as the government intends to unlock the real value of PSUs and bring in greater accountability. Department of Investment and Public Asset Management secretary Neeraj Gupta said these initial public offerings will be done in a “staggered manner” depending …

Budget 2018: Arun Jaitley reveals govt mops up Rs 1 lakh cr via divestment this year; aims Rs 80,000 cr in FY19
7 years, 1 month ago

Budget 2018: Arun Jaitley reveals govt mops up Rs 1 lakh cr via divestment this year; aims Rs 80,000 cr in FY19

Firstpost  

New Delhi: The government expects to raise Rs 80,000 crore from PSU disinvestment in the next fiscal, lower than Rs 1 lakh crore raised this financial year. In the Budget for 2018-19, Finance Minister Arun Jaitley said the Department of Investment and Public Asset Management will move forward to bring in more Exchange Traded Fund, including launching a debt fund. …

Bharat 22 ETF: Govt raises Rs 14,500 cr; fund sees Rs 32,000 cr bids, so far Rs 52,000 cr garnered via divestment
7 years, 4 months ago

Bharat 22 ETF: Govt raises Rs 14,500 cr; fund sees Rs 32,000 cr bids, so far Rs 52,000 cr garnered via divestment

Firstpost  

In Bharat 22 ETF, as much as 25 percent of total issue size, or Rs 2,000 crore, was reserved for anchor investors who put in bids worth about Rs 12,000 crore New Delhi: The government has raised Rs 14,500 crore through the Bharat-22 Exchange Traded Fund, comprising 22 companies, a top official said on Monday. “We have decided to retain …

Telangana government plans to sell stake in PSUs
7 years, 11 months ago

Telangana government plans to sell stake in PSUs

Deccan Chronicle  

Hyderabad: The Telangana State government is planning to divest its stake in loss-making and non-functional state public sector undertakings to prevent further losses and to mobilise funds for various welfare and development programmes. Most PSUs in the state are running in deep losses and the government wants to put its stake up for sale to private parties who can revive …

Despite missing disinvestment targets for 7 years, govt raises it by 60%
8 years, 1 month ago

Despite missing disinvestment targets for 7 years, govt raises it by 60%

Hindustan Times  

Another important component for the government to maintain the sanctity of the fiscal deficit target would be capital receipts especially from disinvestment. Government on Wednesday said it will raise Rs 72,500 crore through disinvestment of PSUs, including listing of three railway PSUs --IRCTC, IRFC and IRCON--and the proposed merger and consolidation to create globally competitive public sector units. Of this …

Centre strategises disinvestment plan for 22 PSUs
8 years, 5 months ago

Centre strategises disinvestment plan for 22 PSUs

India TV News  

In a bid to achieve a full-year disinvestment target of Rs 56,500 crore, Modi government has prepared a plan for disposal of controlling stakes in 22 listed and unlisted companies. According to a report in The Economic Times,large state-run companies such as Container Corporation of India, Bharat Earthmovers, as many as three plants of the Steel Authority of India and …

PSU employees may be able to buy more shares of their cos
8 years, 5 months ago

PSU employees may be able to buy more shares of their cos

Firstpost  

If Sebi agrees to the Finance Ministry’s proposal, then there will not be any investment ceiling for employees of the PSUs taking the offer for sale route, sources said. New Delhi: Employees of state-owned firms may have the option of investing as much as they want in follow-on public offers by their companies, while in case of IPOs the upper …

Trade unions threaten to strike over NITI proposal to sell Air India, shut sick PSUs
8 years, 9 months ago

Trade unions threaten to strike over NITI proposal to sell Air India, shut sick PSUs

Firstpost  

One of the bodies has even accused the government of “moving on expected lines to sell the country” New Delhi: Opposing NITI Aayog’s proposal to privatise Air India and shut 28 PSUs, central trade unions, including the RSS-backed BMS, have threatened to go on strike and sought Prime Minister’s intervention on this matter. The statement follows NITI Aayog submitting its …

Disinvestment push: Govt okays 10% stake sale in HUDCO
8 years, 9 months ago

Disinvestment push: Govt okays 10% stake sale in HUDCO

Firstpost  

CCEA also approved allowing a price discount of up to 5 percent on the issue price to retail investors and HUDCO employees New Delhi: The Cabinet today approved disinvestment of 10 percent stake in the state-owned Housing and Urban Development Corporation. “The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has given its approval for disinvestment of …

Concor OFS fully subscribed; govt gets Rs 1,165 crore
9 years ago

Concor OFS fully subscribed; govt gets Rs 1,165 crore

Firstpost  

Government today raised Rs 1,165 crore from the sale of 5 per cent stake in Concor after retail investors lapped up all the shares reserved for them. New Delhi: Government today raised Rs 1,165 crore from the sale of 5 per cent stake in Concor after retail investors lapped up all the shares reserved for them. A day after institutional …

Budget 2016: PSUs to monetise idle assets; Disinvestment Dept renamed
9 years ago

Budget 2016: PSUs to monetise idle assets; Disinvestment Dept renamed

Firstpost  

Government on Monday said PSUs will now have to monetise their idle assets for new investments, while renaming the Department of Disinvestment to Department of Investment and Public Asset Management. New Delhi: Government on Monday said PSUs will now have to monetise their idle assets for new investments, while renaming the Department of Disinvestment to Department of Investment and Public …

Govt to infuse about Rs 5,000 crore in PSU banks this quarter
9 years, 1 month ago

Govt to infuse about Rs 5,000 crore in PSU banks this quarter

Firstpost  

Government will infuse about Rs 5,000 crore capital in the public sector banks in the current fiscal to strengthen balancesheet. New Delhi: Government will infuse about Rs 5,000 crore capital in the public sector banks in the current fiscal to strengthen balancesheet. Banks will get about Rs 5,000 crore,” Financial Services Secretary Ajuly Chib Duggal said on the sidelines of …

Government sells $5-billion PSU shares in 2015, readies next year pipeline
9 years, 3 months ago

Government sells $5-billion PSU shares in 2015, readies next year pipeline

India TV News  

New Delhi: The government's disinvestment kitty has almost doubled this year with over Rs 35,000 crore garnered through stake sales in PSUs, but not without the help of its all-time saviour Life Insurance Corporation, while a strong pipeline is ready for 2016 with blue chips like NTPC, Coal India and ONGC. Targeting at least Rs 50,000 crore of funds from …

PFC stake sale floor price set at Rs 254/share; govt to raise Rs 1,676 crore
9 years, 8 months ago

PFC stake sale floor price set at Rs 254/share; govt to raise Rs 1,676 crore

Firstpost  

Government holding in PFC will be reduced to 67.80% from 72.80% New Delhi: Government has set the floor price at Rs 254 per equity share for divestment of 5 per cent of its stake in Power Finance Corporation on July 27. “…the floor price of the offer in terms of the SEBI OFS Circular shall be Rs 254 per equity …

Govt plans selling 3% stake in BPCL to raise Rs 1,800 cr
9 years, 9 months ago

Govt plans selling 3% stake in BPCL to raise Rs 1,800 cr

Firstpost  

The finance ministry has moved a cabinet note for inter-ministerial consultations for selling 2.16 crore shares in BPCL through a public offer, official sources said. New Delhi: The government plans to sell three percent stake in Bharat Petroleum Corp Ltd, the nation’s second largest state oil firm, this fiscal to raise around Rs 1,800 crore. When contacted, BPCL chairman and …

Modi government plans selling 3% stake in BPCL to raise Rs 1,800 crore | IndiaTV News
9 years, 9 months ago

Modi government plans selling 3% stake in BPCL to raise Rs 1,800 crore | IndiaTV News

India TV News  

New Delhi: The government plans to sell 3% stake in Bharat Petroleum Corp Ltd, the nation's second largest state oil firm, this fiscal to raise around Rs 1,800 crore. Finance Ministry has moved a Cabinet note for inter-ministerial consultations for selling 2.16 crore shares in BPCL through a public offer, official sources said. At current trading price of Rs 820, …

Economy reviving, experts see enough appetite for Rs 50,000 cr PSU share sale
9 years, 10 months ago

Economy reviving, experts see enough appetite for Rs 50,000 cr PSU share sale

Firstpost  

In the last six years, the government has been able to meet only 64 percent of its stake sale target The NDA government’s ambitious disinvestment programme is likely to sail through without much obstructions this year and the next as reform process accelerates, say stock market experts and analysts. Although valuations are not very attractive in some of the companies …

Jaitley to soon meet PSU bankers on NPA, stake sale issues | IndiaTV News
9 years, 10 months ago

Jaitley to soon meet PSU bankers on NPA, stake sale issues | IndiaTV News

India TV News  

New Delhi: Finance Minister Arun Jaitley will meet PSU bankers to discuss stake sale plans and the problem of rising bad loans which have crossed a staggering Rs 2.5 lakh crore. The top 30 defaulters are sitting on bad loans of Rs 95,122 crore, which is more than one-third of the entire non-performing assets of public sector banks. State Bank …

Stake Sale in 4 PSUs Likely to Yield Rs 22,547 cr: Sinha
10 years ago

Stake Sale in 4 PSUs Likely to Yield Rs 22,547 cr: Sinha

The Quint  

New Delhi: The Cabinet Committee on Economic Affairs has approved sale of equity in four state-owned companies including ONGC and NMDC which may fetch the exchequer Rs 22,574 crore, the Lok Sabha was informed today. The government has cleared a 5 % stake sale in the ONGC which could yield Rs 13,217 crore, Minister of State for Finance Jayant Sinha …

Govt open to divesting over 51% as strategic sale; aims to collect Rs 28,500cr | IndiaTV News
10 years ago

Govt open to divesting over 51% as strategic sale; aims to collect Rs 28,500cr | IndiaTV News

India TV News  

New Delhi: The government is open to selling more than 51 per cent in certain public sector entities as part of its 'strategic sale' through which it aims to collect Rs 28,500 crore next fiscal, Finance Secretary Rajiv Mehrishi said on Monday. Of this, Rs 41,000 crore is estimated to come from minority stake sale in PSUs and the remaining …

Govt plans to double disinvestment proceeds for next fiscal | India TV News
10 years ago

Govt plans to double disinvestment proceeds for next fiscal | India TV News

India TV News  

New Delhi: The government yesterday proposed raising Rs 69,500 crore from disinvestment and strategic sale in state-owned companies. Of the total budgeted proceeds, Rs 41,000 crore is estimated to come from minority stake sale in PSUs, and the remaining Rs 28,500 crore is projected to come from strategic sale in both profit and loss-making companies. The revised estimates have pegged …

Disinvestment programme on track: Arun Jaitley
10 years, 5 months ago

Disinvestment programme on track: Arun Jaitley

India TV News  

Disinvestment programme on track: Arun Jaitley New Delhi: The government's Rs 43,425 crore disinvestment programme is on track and a schedule for sale of stake in state-owned firms will be announced shortly, Finance Minister Arun Jaitley said. "The process is New Delhi: The government's Rs 43,425 crore disinvestment programme is on track and a schedule for sale of stake in …

Disinvestment process progressing as per schedule: FM Jaitley
10 years, 7 months ago

Disinvestment process progressing as per schedule: FM Jaitley

Firstpost  

In the Budget, the government estimated to collect Rs. 15,000 crore from sale of residual stake in erstwhile government companies. 58,425 crore by selling government stake in PSUs this year, Finance Minister Arun Jaitley has said that the disinvestment process is progressing as scheduled. “The Department of Disinvestment has already appointed advisors in some cases and the follow-up actions on …

Cabinet clears disinvestment of 10 % in IOC
11 years, 7 months ago

Cabinet clears disinvestment of 10 % in IOC

The Hindu  

The Cabinet Committee on Economic Affairs, on Thursday, approved the proposal for sale of 10 per cent government stake in Indian Oil Corporation, which is likely to fetch around Rs.3,840 crore to the exchequer at the current market price. The Disinvestment Department has already selected five merchant bankers — Citibank, HSBC, UBS Securities, SBI Capital and J M Financial — …

Disinvestment dept moves Cabinet for 10% stake sale in IOC
11 years, 9 months ago

Disinvestment dept moves Cabinet for 10% stake sale in IOC

The Hindu  

The Department of Disinvestment has moved Cabinet for selling 10 per cent shares in Indian Oil Corp, the nation’s largest oil firm, to raise over Rs 7,000 crore. DoD last week moved a draft note for consideration of the Cabinet Committee on Economic Affairs for selling 24.27 crore or 10 per cent shares out of Government holding of 78.92 per …

Govt to offload equity in Hindustan Copper, 2 other PSUs in April-June
12 years, 1 month ago

Govt to offload equity in Hindustan Copper, 2 other PSUs in April-June

Firstpost  

Seeking to avoid bunching of PSU stake sales towards the end of this fiscal, government has decided to kick off disinvestment programme in the April-June quarter of 2013-14 by offloading equity in Hindustan Copper, THDCIL and NEEPCO. New Delhi: Seeking to avoid bunching of PSU stake sales towards the end of this fiscal, government has decided to kick off disinvestment …

NTPC disinvestment gets Rs.11,500 cr
12 years, 1 month ago

NTPC disinvestment gets Rs.11,500 cr

The Hindu  

The blockbuster NTPC stake sale, on Thursday, fetched the government Rs.11,500 crore, the second PSU share sale in a week that was over-subscribed, helping to move closer to the Rs.30,000-crore disinvestment target. The share sale of the country’s largest power producer, NTPC, was over-subscribed 1.7 times as an offer price lower than the scrip’s trading rate on stock exchanges received …

Disinvestment in Oil India, NTPC soon: Mittal
12 years, 2 months ago

Disinvestment in Oil India, NTPC soon: Mittal

India TV News  

New Delhi, Jan 7: Government is likely to come out with 10 per cent stake sale offer of Oil India in the second fortnight of this month, followed by NTPC's issue in the first 14 days of February, a Finance Ministry official said on Monday. "We will come out with Oil India issue in the second fortnight of January and …

Finance Ministry hopes to raise Rs 13,000 crore from PSU stake sale
12 years, 5 months ago

Finance Ministry hopes to raise Rs 13,000 crore from PSU stake sale

The Hindu  

The Finance Ministry is hopeful of raising Rs 12,000-13,000 crore from stake sale in the public sector undertakings by December—end which could help the government to rein in fiscal deficit to around 5.3 per cent of the GDP in 2012—13. The Department of Disinvestment, the modal department for conducting PSU stake sale, has already secured Cabinet approval for stake sale …

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