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5 months, 2 weeks ago

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

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

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

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

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

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

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

5 years, 3 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 …

India Cent Stake Psu Niti Aayog Niti Cpses

5 years, 5 months ago

Govt sends ONGC into a tizzy; asks PSU to sell golf courses in Ahmedabad that has two oil wells

Firstpost

After the Motera field was discovered in Ahmedabad, ONGC was wary of encroachment around the oil wells in a city that was developing into a megapolis New Delhi: The government wants Oil and Natural Gas Corp to sell its golf courses in Ahmedabad and Vadodara in Gujarat, sending the company into a tizzy as one of them has two producing …

Golf Ahmedabad Oil Wells Courses Golf Courses Exercise Ongc

5 years, 7 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