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 …
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 …
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 …
The government is expected to raise about ₹480 crore by selling 12.12 per cent stake in Rail Vikas Nigam Ltd with both retail and institutional investors lapping up the shares reserved for them. This is the first Central Public Sector Enterprise disinvestment in the current fiscal, which started on 1 April. The first IPO of the year is expected raise …