Page 2 - Latest Updates on Divestment or disinvestment
Will involve retail investors in LIC IPO, says FM Nirmala Sitharaman
Move will benefit employees, policy holders and agents, says LIC chairman
 "Will involve retail investors in LIC IPO, says FM Nirmala Sitharaman")
Govt hopeful of selling minority stake in LIC in next fiscal, says DEA Secy
The government aims to garner Rs 90,000 crore from the listing of LIC and stake dilution in IDBI Bank in the next fiscal out of total disinvestment target of Rs 2.10 trillion.
 "Govt hopeful of selling minority stake in LIC in next fiscal, says DEA Secy")
Call disinvestment 'recycling' for better optics: Industry executive to FM
"Even my father keeps asking me why government companies are being sold," the executive quipped
 "Call disinvestment 'recycling' for better optics: Industry executive to FM")
Left parties to protest against 'anti-people Budget' from Feb 12 to 18
The protests will demand rollback of the large-scale privatization of national assets including the disinvestment of LIC
 "Left parties to protest against 'anti-people Budget' from Feb 12 to 18")
'Against national interest': LIC divestment move faces unions' ire
The new income tax slabs announced Saturday appear aimed at Delhi voters, particularly younger entrants to the job market or those employed in the gig economy
 "'Against national interest': LIC divestment move faces unions' ire")
LIC may become biggest firm by m-cap; valuation can hit Rs 10 trn: Experts
Finance Minister Nirmala Sitharaman on Saturday said LIC will be listed as part of the government disinvestment initiative
 "LIC may become biggest firm by m-cap; valuation can hit Rs 10 trn: Experts")
Budget 2020: How will Sitharaman pull off Rs 2.1-trn disinvestment miracle?
The government has promised to raise Rs 120,000 crore via disinvestment, and an additional Rs 90,000 crore from sale of government equity in public-sector banks and financial institutions, in 2020-21
 "Budget 2020: How will Sitharaman pull off Rs 2.1-trn disinvestment miracle?")
Shares bought on January 31 cannot be sold on the Budget day. Here's why
NSE, BSE to conduct a special trading session on February 1; settlement of trades on February 4
 "Shares bought on January 31 cannot be sold on the Budget day. Here's why")
Govt may set Rs 1 trillion disinvestment target in Budget for FY21
"The government is likely to bring down their stake in certain public sector undertakings (PSUs) to below 51 per cent"
 "Govt may set Rs 1 trillion disinvestment target in Budget for FY21")
BJP wants Sitharaman to give rural, infrastructure push in upcoming Budget
According to party, meeting fiscal deficit not the real economic issue for the government
 "BJP wants Sitharaman to give rural, infrastructure push in upcoming Budget")
Market expects the Budget to focus on fiscal prudence, raising revenue
We expect the Budget to contain some pro-market/economy measures, says Sanjay Mookim, India Equity Strategist at BofAML
 "Market expects the Budget to focus on fiscal prudence, raising revenue")
Budget 2019 likely to retain divestment target at Rs 90,000 crore
The fiscal deficit target of 3.4 per cent of gross domestic product (GDP) for 2019-20 is likely to be retained as well
 "Budget 2019 likely to retain divestment target at Rs 90,000 crore")
CII urges govt to divest brownfield assets to boost private investments
The chamber said low risk makes projects attractive to lenders as well and many international wealth funds and pension funds are also willing to bring in long term funds into India for such projects
 "CII urges govt to divest brownfield assets to boost private investments")
Govt plans to liberalise terms of Air India sale to attract buyers
Easing rules will allow share sale by a buyer without restriction on time period
 "Govt plans to liberalise terms of Air India sale to attract buyers")
Air India disinvestment: Why the airline may now appeal more to investors
With Jet Airways, one of its key competitors among FSCs closing operations, there are several upsides that should make Air India more attractive for strategic investors than it was earlier
 "Air India disinvestment: Why the airline may now appeal more to investors")
Air India sale back on table, govt may divest entire stake in carrier
Taking lessons from last year's failed privatisation attempt, the government is unlikely to hold any residual stake in the airline
 "Air India sale back on table, govt may divest entire stake in carrier")
GVK consolidated net loss at Rs 304 cr for FY19, yet to fix divestment bid
The company's consolidated total income declined 10.36 per cent to Rs 4363.10 crore for the year ended March 2019 from Rs 4867.43 crore in the previous year while the expenditure remained almost flat
 "GVK consolidated net loss at Rs 304 cr for FY19, yet to fix divestment bid")
Prepare FY19 financials as PMO wants quick disinvestment: Govt to AI
After a botched attempt to sell Air India in May last year, a panel led by Finance Minister Arun Jaitley had decided in June to scrap the stake-sale plan for the time being
 "Prepare FY19 financials as PMO wants quick disinvestment: Govt to AI")
How Centre achieved divestment target despite volatile market conditions
Disinvestment proceeds are key for the government's finances as they help bridge the fiscal deficit
 "How Centre achieved divestment target despite volatile market conditions")
