PSU Disinvestment

From education to PSUs to advertising to tariffs, how we address the quality of spending matters as much as the quantum of it

Indian Oil's decision to withdraw its Rs 22,000 crore rights issue highlights the govt's reluctance to reduce its stake in state-run enterprises, as fiscal priorities shift to sectors like rail, roads

Central government and LIC are set to divest 61% stake amid strategic disinvestment drive. The govt aims to generate Rs 50,000 crore through asset monetisation this fiscal year

Interim Budget 2024: For FY24, the Centre had set a disinvestment target of Rs 51,000 crore but has only been able to meet one-fifth of it so far

The government had set a disinvestment target to raise Rs 51,000 crore for the current financial year. However, only about 20 per cent of this target has been met so far

In 2023/24, about Rs 30,000 crore of the Rs 51,000 crore target was expected through stake sales in IDBI Bank and the privatisation of state-owned NMDC Steel

Adani Airports Holdings has a 74% stake in the airport, with the remaining 26 per cent owned by the Airports Authority of India

Govt seeks to sell stake worth Rs 12,000 cr in national transporter this fiscal as part of disinvestment target

With the Modi government completing nine years in office, Congress president Mallikarjun Kharge on Wednesday accused it of carrying out a "fire sale" of national assets and PSUs to its crony capitalist "friends" and claimed this was the "single biggest anti-national" act. The Congress has been running a campaign claiming that the government's nine years have been marked by incompetence and failures. "Modi Govt's 'Fire Sale' of National Assets & PSUs to its 'Mitr Cronies' is the single biggest 'Anti-National' act!" Kharge said in a tweet. This "destructive loot" is snatching away job opportunities for India's poor, SCs, STs, OBCs, he alleged. Attacking the Modi government, which completed nine years in office last week, Kharge had earlier taken a dig at the government, accusing it of "looting" people's earnings through "deadly inflation" while making "arrogant claims" about it. The Bharatiya Janata Party (BJP) has planned a month-long campaign to celebrate the ninth anniversary ...

The panel is likely to have officials from the Department of Investment and Public Asset Management, the Reserve Bank of India, and the NITI Aayog

Capital markets regulator Sebi can relax regulatory norms for the central government in relation to strategic disinvestment of public sector undertakings (PSUs), according to a notification. "??The Board (Sebi) may after due consideration of the interest of the investors and the securities market and for the development of the securities market, relax the strict enforcement of any of the requirements of these regulations if an application is made by the Central Government in relation to its strategic disinvestment in a listed entity," Sebi said in a notification made public on Tuesday. To give this effect, the regulator has amended LODR (Listing Obligations and disclosure Requirements) norms. Earlier in September, the Securities and Exchange Board of India (Sebi) had decided to dispense with a requirement for calculating open offer price with respect to the disinvestment of PSUs. As per Sebi norms, one of the parameters prescribed to determine the open offer price of a frequently .

The government may sell its shares in tranches through offer for sale (OFS), and the sale will be structured by DIPAM, an official said

Pricing formula to discover open offer price may be eased

The special purpose vehicle (SPV), called the National Land Monetisation Corporation (NLMC), will be set up as a wholly state-owned company with an initial authorised share capital of Rs 5,000 crore

Will RBI's digital currency give a fillip to fintechs? What's the government's disinvestment roadmap? Why are investors dumping IT stocks? What is cryptocurrency? Find all answers here

Soon after Finance Minister Nirmala Sitharaman's Budget 2022 presentation, Business Standard caught up with DIPAM Secretary Tuhin Kanta Pandey for a perspective of the govt's disinvestment road map

The govt's privatisation policy aims to keep minimum presence in specified strategic sectors and privatise the rest. Let us find out how the Centre is moving ahead with its mega privatisation plan

Allows Centre to shed residual stake

A revamped Alternative Mechanism, the option of closing down the airline and removal of aviation ministry helped seal a deal that had found no takers for years

The company has been shortlisted as qualified bidder for Shipping Corporation of India, Neelachal Ispat, and BEML