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. …
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 …
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 …
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 …
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 …