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Articles for Dipam, search results for stake

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

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 …

Sale Crore Rites Ofs Rs 700 Crore Dipam Rs 700 Cr
Rail Vikas Nigam Ltd IPO to fetch about ₹480 crore to government
5 years, 9 months ago

Rail Vikas Nigam Ltd IPO to fetch about ₹480 crore to government

Live Mint  

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 …

Cent Ipo Rvnl Dipam Rail Vikas Nigam Ltd