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Articles for Dipam

IREDA Shares Rise Over 4% On DIPAM Approval For Rs 4,500 Crore QIP
3 months, 3 weeks ago

IREDA Shares Rise Over 4% On DIPAM Approval For Rs 4,500 Crore QIP

News 18  

Shares of the Indian Renewable Energy Development Agency jumped 4.4 per cent on the BSE today, reaching a high of Rs 237.50 after the company announced it received approval from the Union government to raise Rs 4,500 crore through a Qualified Institutions Placement of fresh equity. The fundraise, approved by the Alternative Mechanism based on recommendations from a High-Level Committee, …

Cent Ireda Crore Qip
IREDA share price jumps over 4% after DIPAM nod to raise ₹4,500 crore via QIP
3 months, 3 weeks ago

IREDA share price jumps over 4% after DIPAM nod to raise ₹4,500 crore via QIP

Live Mint  

IREDA share price jumped over 4% in early trade on Thursday after the company received government approval for raising ₹4,500 crore through fresh equity issue. The Department of Investment and Public Asset Management gave its approval to Indian Renewable Energy Development Agency on September 18 to raise up to ₹4500 crore in fresh equity issue through a Qualified Institutional Placement. …

India Share Bse Qip Ireda Share Price Ireda
Dilip Cherian | After Khedkar’s IAS exit, more complaints of fake credentials
3 months, 3 weeks ago

Dilip Cherian | After Khedkar’s IAS exit, more complaints of fake credentials

Deccan Chronicle  

Suspended IAS officer Puja Khedkar’s discharge from service has spotlighted a larger issue within the civil services selection process. Tuhin Kanta Pandey, a senior IAS officer from the Odisha cadre, is India’s new finance secretary, stepping into a pivotal role following the elevation of Dr. T.V. Mr Pandey’s portfolio, which also included the position of secretary of the department of …

India Pandey Ias Secretary Mr Pandey Ndtv Ms Khedkar
Privatisation not on hold but not a priority, DIPAM secretary Pandey says
5 months, 2 weeks ago

Privatisation not on hold but not a priority, DIPAM secretary Pandey says

Live Mint  

New Delhi: Privatisation of central public sector enterprises has not been put on hold, but is not a priority under the government's calibrated approach to disinvestment, said Tuhin Kanta Pandey, secretary of the department of investment and public asset management. The outright focus now is on value creation," Pandey told Mint in an exclusive post-budget interaction in response to a …

India Sale Disinvestment Pandey Stake Vodafone Idea Hold
NALCO share price slips after DIPAM says no divestment agenda for the firm
1 year, 10 months ago

NALCO share price slips after DIPAM says no divestment agenda for the firm

Live Mint  

Government-owned National Aluminium Company share price slipped on Friday after DIPAM secretary Tuhin Kanta Pandey said the Centre has no divestment agenda for the company. In Budget 2023, the government pegged a much lower disinvestment target of ₹51,000 crore for the fiscal year FY24. In Budget 2023, while setting a much lower disinvestment target of ₹51,000 crore for FY24, the …

Disinvestment Crore Nalco Dipam
Non-core asset monetization mandate to be transferred from DIPAM
2 years, 4 months ago

Non-core asset monetization mandate to be transferred from DIPAM

Live Mint  

Monetization of non-core assets including land, real estate and infrastructure is being transferred from the department of investment and public asset management to the department of public enterprises within the finance ministry. According to four people aware of the development, the transition has begun with the first step being the National Land Monetisation Corporation set up for monetizing non-core land …

Assets Asset Dpe Nlmc Dipam Monetization
Ferro Scrap Nigam Ltd: Govt Gets Multiple Preliminary Bids for FSNL Disinvestment
2 years, 6 months ago

Ferro Scrap Nigam Ltd: Govt Gets Multiple Preliminary Bids for FSNL Disinvestment

News 18  

New Delhi: The government on Monday said it has received multiple preliminary bids for buying Ferro Scrap Nigam Ltd. The Department of Investment and Public Asset Management had in March invited bids for strategic sale of FSNL. Multiple Expressions of interest received for Strategic Disinvestment of Ferro Scrap Nigam Ltd - a wholly owned subsidiary of MSTC Ltd, DIPAM Secretary …

Fsnl Received Multiple Ferro Scrap Nigam Ltd
Retail investors contributed most to LIC IPO success, says DIPAM secretary Tuhin Kanta Pandey
2 years, 7 months ago

Retail investors contributed most to LIC IPO success, says DIPAM secretary Tuhin Kanta Pandey

The Hindu  

The initial public offer of the Life Insurance Corporation of India closed successfully on Monday evening at 7 p.m. and is expected to yield about ₹20,500 crore to the exchequer, top finance ministry officials said. “I am pleased to inform you that the offer that was started on May 4, has closed today at 7 pm, and it has met …

Retail Investors Investors Issue Pandey Decisions Ipo Malhotra
LIC IPO Valuation Reduced; Still Biggest-Ever IPO In India; What Investors Need To Know
2 years, 8 months ago

LIC IPO Valuation Reduced; Still Biggest-Ever IPO In India; What Investors Need To Know

News 18  

The valuation of Life Insurance Corporation is “fair and attractive” and the government expects significant participation of retail investors in the LIC IPO, DIPAM Secretary Tuhin Kanta Pandey said on Wednesday. “While LIC valuations appear to be cheap as compared to listed private players, investors need to keep in mind that LIC has a lower VBN margin of 9.9 per …

India Crore Public Value Cent Offer Size
Air India handed over to Tata Group | Top points
2 years, 11 months ago

Air India handed over to Tata Group | Top points

India Today  

The government on Thursday officially handed over Air India to the Tata group. The strategic disinvestment transaction of Air India successfully concluded today with the transfer of 100 per cent shares of Air India to Talace Pvt Ltd along with management control. EFFECTIVE DISINVESTMENT OF AIR INDIA Union Minister Jyotiraditya Scindia said it is indeed noteworthy that the disinvestment process …

Air Tata Group Tata India Handed Talace
LIC IPO Expected to Hit Market in Q4; Speculations on 'Delay' Incorrect: Govt
3 years ago

LIC IPO Expected to Hit Market in Q4; Speculations on 'Delay' Incorrect: Govt

News 18  

LIC IPO: The central government has recently refuted claims around the initial public offering of the Life Insurance Corporation of India. The Centre, a day back, dismissed media speculations claiming that the government is unlikely to come up with the IPO of Life Insurance Corporation in the current financial year ending March 2022. “Some media speculation doubting the feasibility of …

Media Report Fiscal Ipo Lic Dipam Lic Ipo
LIC listing in March quarter, says DIPAM secretary Pandey
3 years, 1 month ago

LIC listing in March quarter, says DIPAM secretary Pandey

Live Mint  

The Union government is planning the initial public offering of Life Insurance Corp. of India Ltd in the March quarter, a top government official said. “We are working very hard for the LIC IPO,” said Tuhin Kanta Pandey, secretary of the Department of Investment and Public Asset Management. DIPAM has appointed 10 merchant bankers, including Goldman Sachs Securities, Citigroup Global …

India Market Pandey Ipo Lic Fy22 Pse
In Push to Privatization, Department of Public Enterprises is Back with Finance Ministry
3 years, 6 months ago

In Push to Privatization, Department of Public Enterprises is Back with Finance Ministry

News 18  

The Narendra Modi government’s decision to bring the Department of Public Enterprises under the Finance Ministry from the Ministry of Heavy Industries & Public Enterprises is indicative of the desire to expedite and facilitate privatization. If the government succeeds in selling public sector undertakings, also called public enterprises and public sector enterprises, it will be a big boost to the …

Finance Department Public Ministry Narendra Modi Enterprises Psus
DIPAM, NITI Aayog agree to proposal of incorporating BEML subsidiary
3 years, 6 months ago

DIPAM, NITI Aayog agree to proposal of incorporating BEML subsidiary

Business Standard  

BEML Ltd on Saturday said DIPAM and NITI Aayog have agreed to the proposal of incorporation of a wholly-owned arm for demerger of surplus land and asset as part of BEML's strategic disinvestment process. "Ministry of Defence.conveyed that Department of Investment and Public Asset Management and NITI Aayog have concurred to the proposal of incorporation of wholly-owned subsidiary of BEML …

Niti Aayog Dipam Beml Subsidiary
Pawan Hans Privatisation Receives Multiple Bids, Says DIPAM Secretary Tuhin Kanta Pandey
3 years, 10 months ago

Pawan Hans Privatisation Receives Multiple Bids, Says DIPAM Secretary Tuhin Kanta Pandey

News 18  

The government has received multiple preliminary bids for strategic sale of Pawan Hans, DIPAM Secretary Tuhin Kanta Pandey said on Thursday. Thursday was the last date for putting bids for Pawan Hans, in which government owns 51 per cent stake while Oil and Natural Gas Corp holds the remaining 49 per cent. After multiple failed attempts, the Department of Investment …

Pawan Ongc Hans Lic Strategic Sale Dipam Pawan Hans
BPCL, Air India stake sale by September; LIC IPO post October, says DIPAM Secretary
3 years, 11 months ago

BPCL, Air India stake sale by September; LIC IPO post October, says DIPAM Secretary

The Hindu  

The initial public offering of India's largest insurance company LIC is likely after October this year, a top official said on Tuesday laying out the government's divestment calendar that includes completing the sale of flag carrier Air India and oil firm BPCL within the first half of the next fiscal. Targeting to raise ₹1.75 lakh crore from the asset sale …

Finance Spa Budget Air Disinvestment Crore Pandey
Air India Divestment: Intimation Date for Qualified Interested Bidders Extended to Jan 5
4 years ago

Air India Divestment: Intimation Date for Qualified Interested Bidders Extended to Jan 5

News 18  

The government on Thursday said it will intimate qualified interested bidders of Air India on January 5 next year, instead of the earlier decided date of December 29, 2020. The Department of Investment and Public Asset Management on Thursday issued a tenth corrigendum to global invitation for Expression of Interest for the proposed strategic disinvestment of Air India Ltd stating …

Air Interest Lic Qualified Interested Bidders India Divestment
No More Extension of BPCL Privatisation Bid Deadline: DIPAM Secretary
4 years, 2 months ago

No More Extension of BPCL Privatisation Bid Deadline: DIPAM Secretary

News 18  

BPCL privatisation bid deadline will not be extended for the fifth time, as the government’s strategic disinvestment programme that was hit by the pandemic is back on track, DIPAM Secretary said Monday. I hope that further extensions may not be there, especially in BPCL where the current date is November 16.So hopefully, we will be able to move through,” Tuhin …

Bpcl Dipam Secretary Strategic Disinvestment Numaligarh Refinery Deadline Dipam Deadline Dipam Secretary
Govt to Sell 15-20 per cent Stake in IRCTC via Offer for Sale
4 years, 4 months ago

Govt to Sell 15-20 per cent Stake in IRCTC via Offer for Sale

News 18  

The government plans to sell about 15-20 per cent stake in IRCTC via offer for sale and would like to complete the transaction in minimum number of tranches. The government currently holds 87.40 per cent stake in IRCTC. Asked if payment would be made by the government to merchant banker after completion of every single tranche or cumulatively after the …

Railway Crore Cent Stake Ipo Irctc Ofs
BPCL Privatisation: Govt to Provide Rules on Employee Protection, Asset Stripping Later
4 years, 4 months ago

BPCL Privatisation: Govt to Provide Rules on Employee Protection, Asset Stripping Later

News 18  

The government will provide guidance on employee protection, asset stripping and business continuity in Bharat Petroleum Corp Ltd to potential acquirers of the company only at a later stage of bidding, according to privatisation rules issued by the disinvestment department. On a query on restrictions relating to employee protection, asset stripping, business continuity and lock-in of shares, DIPAM said, “This …

India Cent Stake Qip Bpcl Qualified Consortium
Bharat Petroleum privatisation: Govt to provide rules on employee protection, asset stripping later
4 years, 4 months ago

Bharat Petroleum privatisation: Govt to provide rules on employee protection, asset stripping later

Live Mint  

The government will provide guidance on employee protection, asset stripping and business continuity in Bharat Petroleum Corp Ltd to potential acquirers of the company only at a later stage of bidding, according to privatisation rules issued by the disinvestment department. On a query on restrictions relating to employee protection, asset stripping, business continuity and lock-in of shares, DIPAM said, "This …

India Stake Qip Bpcl Employee Protection Government Stake Privatisation Govt
Qualified Interested Parties in BPCL to Take Necessary Security Clearance: DIPAM
4 years, 4 months ago

Qualified Interested Parties in BPCL to Take Necessary Security Clearance: DIPAM

News 18  

The government on Friday said interested parties that evince interest in bidding for BPCL would be required to take necessary security clearance which would be communicated to them at the Request For Proposal stage. "Necessary security clearance shall be taken as per the details and requirements communicated to the QIP at the time of RFP," the Department of Investment and …

India Interest Bpcl Security Clearance Nci Eoi Interested Parties
MTNL starts ₹23,000 crore asset monetisation through DIPAM
5 years ago

MTNL starts ₹23,000 crore asset monetisation through DIPAM

Live Mint  

State-run telecom firm MTNL has started the process to monetise assets worth ₹23,000 crore as it aims to turn profitable in the next fiscal year, a top official of the company said on Thursday. The company has already submitted plans to the Department of Investment and Public Asset Management to monetise ₹6,200 crore worth assets that include 36 acres of …

Delhi Mumbai Assets Company Crore Kumar Asset
RailTel initial public offering process gains momentum
5 years, 2 months ago

RailTel initial public offering process gains momentum

India TV News  

The government is looking to divest up to 25 per cent stake in RailTel Corporation through initial public offering, and is scouting for advertising agencies to manage the listing process. "The Department of Investment and Public Asset Management requires services of a reputed advertising agency with experience and expertise in public offerings in capital markets to act as an advertising …

Initial Public Offering Public Offering Ipo Dipam Railtel