Monday, March 03, 2025 | 11:28 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Page 2 - Dipam

Updated On : 14 Nov 2023 | 11:09 PM IST

IDBI Bank has deferred tax assets of Rs 11,520 cr, 120 properties: Govt

The government has informed the prospective asset valuers of IDBI Bank that the lender has deferred tax assets of Rs 11,520 crore and 120 properties in the top seven cities including Mumbai, Pune, and Chennai. In response to the pre-bid queries from prospective asset valuers of IDBI Bank, the Department of Investment and Public Asset Management (DIPAM) said the bank has as many as 68 properties in Mumbai, 20 in Pune, nine in Chennai and seven in Ahmedabad. Besides, it has six properties in Kolkata and five each in Delhi and Hyderabad. The intangible on the balance sheet of IDBI Bank primarily comprises deferred tax assets of around Rs 11,520 crore, DIPAM said. Deferred tax asset commonly refers to overpayment of tax by an entity. Such excess tax paid can be adjusted against future tax dues. DIPAM further said the asset valuer shall further identify intangibles not on the IDBI Bank balance sheet like brand name, branch network and value them. The Terms of Reference for asset valuer

IDBI Bank has deferred tax assets of Rs 11,520 cr, 120 properties: Govt
Updated On : 15 Oct 2023 | 3:47 PM IST

Govt gets over Rs 3,400 cr dividend from NIIF, ECGC: DIPAM Secretary

The government has received over Rs 3,400 crore as dividend tranches from NIIF and ECGC. The government has already mopped up Rs 5,200 crore as dividend from public sector companies so far in the current fiscal. "Government has respectively received about Rs 3,031 crore and Rs 434 crore from National Investment and Infrastructure Fund Ltd (NIIFL) and ECGC as dividend tranches," Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey tweeted.

Govt gets over Rs 3,400 cr dividend from NIIF, ECGC: DIPAM Secretary
Updated On : 31 Jul 2023 | 3:43 PM IST

Govt calls off strategic disinvestment of Pawan Hans, says DIPAM

The government had decided to sell 51% stake in Pawan Hans to Star9 Mobility Private Ltd for Rs 211.14 crore in May 2022

Govt calls off strategic disinvestment of Pawan Hans, says DIPAM
Updated On : 03 Jul 2023 | 3:38 PM IST

Everything you want to know about IDBI Bank

Consultation with the RBI is on to check how many technical bidders are 'fit and proper'. In the next stage, financial bids will be called and IDBI Bank will open up the virtual data room for bidders

Everything you want to know about IDBI Bank
Updated On : 18 Jun 2023 | 6:09 PM IST

Concor disinvestment: Dipam may seek finmin, inter-ministerial group help

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

Concor disinvestment: Dipam may seek finmin, inter-ministerial group help
Updated On : 14 Jun 2023 | 1:02 PM IST

Govt may file draft papers for IREDA public offering by Sept: DIPAM Secy

The government is planning to file draft papers for an initial public offering of state-owned Indian Renewable Energy Development Agency (IREDA) by September, a top official said. "We have appointed the merchant bankers and they will proceed with valuation. We should be able to file the DRHP in 3-4 months, could be by September," Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey told PTI. A public sector enterprises under Ministry of New and Renewable Energy (MNRE), IREDA is engaged in the financing of renewable energy and energy efficiency projects. Last month, the Cabinet Committee on Economic Affairs (CCEA) approved the listing of IREDA through an initial public offer (IPO) to part sale the government's stake and raise funds for IREDA through the issue of fresh equity shares. Earlier in March 2022, the government infused Rs 1,500 crore capital in IREDA, which is a non-banking finance company (NBFC). The company posted an all-time high net

Govt may file draft papers for IREDA public offering by Sept: DIPAM Secy
Updated On : 04 Jun 2023 | 12:36 PM IST

Govt holds talks with BALCO for withdrawing arbitration, initiating IPO

The government is looking to sell a part of its residual 49 per cent stake in Balco through a public offer and is engaging with the firm's promoter Vedanta to withdraw arbitration and facilitate stock exchanges listing of the company, DIPAM Secretary Tuhin Kanta Pandey said. The Ministry of Mines and the Department of Investment and Public Asset Management (DIPAM) have held 'preliminary talks' with Vedanta Ltd -- the promoters of erstwhile public sector company BALCO, he said. BALCO has to withdraw a 2009 arbitration case it filed against the government over valuation dispute of the residual stake. "We have talked (with BALCO promoters) at preliminary level. We will engage with them in detail. If we have to do public listing, they (Vedanta) will have to withdraw the case. If they agree then we can move forward," Pandey told PTI. The government wants to sell part of its 49 per cent stake in BALCO in the initial public offering (IPO) before eventually exiting the company. A stock ...

Govt holds talks with BALCO for withdrawing arbitration, initiating IPO
Updated On : 04 Jun 2023 | 12:39 PM IST

Govt panel may draft list of small public sector banks for privatisation

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

Govt panel may draft list of small public sector banks for privatisation
Updated On : 16 May 2023 | 9:29 AM IST

Govt asks BSNL and MTNL to identify low-value assets for monetisation

According to a report, the govt has asked these firms to identify core and non-core assets with a value of up to Rs 10 crore that can be monetised

Govt asks BSNL and MTNL to identify low-value assets for monetisation
Updated On : 26 Apr 2023 | 9:48 AM IST

Govt kickstarts IREDA 's IPO process, scouts for merchant bankers

The government is planning to come out with an initial share sale offer for up to 25 per cent stake in Indian Renewable Energy Development Agency (IREDA) and is looking for merchant bankers to manage the process. The Department of Investment and Public Asset Management (DIPAM) on Monday invited bids from category-I Sebi registered merchant bankers; either singly or as a consortium, with experience and expertise in public offerings in capital market; to act as Book Running Lead Manager (BRLM) and to assist and advise the Government/IREDA in the process. The BRLM would advise the Government/IREDA on the timing and the modalities of the Initial Public Offer (IPO), undertake due diligence, advice on regulatory norms and conduct roadshows to generate investor interest. The government will appoint up to three merchant bankers and the last date to submit bids is April 28. Indian Renewable Energy Development Agency Ltd (IREDA) is under the administrative control of the Ministry of New and

Govt kickstarts IREDA 's IPO process, scouts for merchant bankers
Updated On : 10 Apr 2023 | 6:35 PM IST

Govt falls short of disinvestment target, posts stronger dividend receipts

The dividend receipts from CPSEs grew more than 37 per cent to Rs 58,988 crore against the Revised Estimates (RE) target of Rs 43,000 crore

Govt falls short of disinvestment target, posts stronger dividend receipts
Updated On : 31 Mar 2023 | 11:34 PM IST

IDBI Bank privatisation on track as per strategic sale process: DIPAM

The government on Friday said the disinvestment of IDBI Bank is on track as per the defined strategic sale process. Debunking media reports which indicated a possibility of deferment of IDBI Bank disinvestment, the Department of Investment and Public Asset Management (DIPAM) said the stake sale is in the post-EoI stage. "The transaction continues to be on track as per the defined process in post-EoI stage following receipts of multiple EoIs," DIPAM Secretary Tuhin Kanta Pandey tweeted. The government and the LIC are together selling about 61 per cent stake in IDBI Bank and had in January received multiple Expressions of Interest (EoIs) for the same. DIPAM, which manages government holding in state-owned enterprises, in October last year invited EoIs for selling a 30.48 per cent stake in IDBI Bank, along with LIC's 30.24 per cent stake in the bank. The government and LIC together hold a 94.72 per cent stake in IDBI Bank, which will come down to 34 per cent after the strategic ...

IDBI Bank privatisation on track as per strategic sale process: DIPAM
Updated On : 17 Mar 2023 | 12:58 PM IST

Dipam calls for key meeting on Wednesday to mull Concor divestment

Sources say officials from Railways, Concor, Niti Aayog, finance and law ministries expected to take final call on pending issues regarding transfer of land to private player post disinvestment

Dipam calls for key meeting on Wednesday to mull Concor divestment
Updated On : 21 Feb 2023 | 8:49 PM IST

Govt made Rs 31,106 cr in FY23 through disinvestment, reports DIPAM

The sale of 3.5 per cent of its stake in the LIC through an IPO brought the govt Rs 20,516.12 crore as receipts

Govt made Rs 31,106 cr in FY23 through disinvestment, reports DIPAM
Updated On : 10 Feb 2023 | 4:02 PM IST

IREDA, WAPCOS to hit capital markets next fiscal: DIPAM Secy Tuhin Pandey

The government is targeting to launch the initial public offering (IPO) of clean energy lender IREDA and state-owned engineering consultancy firm WAPCOS in the next fiscal, DIPAM Secretary Tuhin Kanta Pandey said. The proceeds from the stake sales would form part of the Budgeted disinvestment kitty of Rs 51,000 crore for the next fiscal. "IREDA is lined up for Initial public offering (IPO) next fiscal. DRHP for WAPCOS has already been filed," Pandey told PTI. The Department of Investment and Public Asset Management (DIPAM) manages government equity holding in public sector companies. WAPCOS, an engineering consultancy and construction services firm under the Jal Shakti Ministry, had in September last year filed draft papers with market regulator Sebi for launching an IPO by selling 3.25 crore shares held by the government. The company's revenue from operations stood at Rs 2,798 crore, while net profit was Rs 69.16 crore in 2021-22. The IPO of the Indian Renewable Energy Developme

IREDA, WAPCOS to hit capital markets next fiscal: DIPAM Secy Tuhin Pandey
Updated On : 05 Feb 2023 | 11:08 AM IST

FY24 disinvestment target pragmatic, but challenging: Dipam Secy Pandey

'Privatisation processes are BMMP (bandwidth, market available, minority shareholders, and the process)', said Tuhin Kanta Pandey

FY24 disinvestment target pragmatic, but challenging: Dipam Secy Pandey
Updated On : 03 Feb 2023 | 11:47 PM IST

Budget 2023-24: Asset sale target pegged at Rs 51,000 crore for FY24

Current year projection slashed to Rs 50,000 cr from Rs 65,000 cr

Budget 2023-24: Asset sale target pegged at Rs 51,000 crore for FY24
Updated On : 01 Feb 2023 | 11:33 PM IST

OMCs likely to see a short-term bounce-back on improved Q3 showing

Given the concerns around biz, though, a full turnaround is unlikely anytime soon

OMCs likely to see a short-term bounce-back on improved Q3 showing
Updated On : 16 Jan 2023 | 10:56 PM IST

Financial bids for IDBI Bank expected to come in by Sept: DIPAM Secy

The government is expecting to get financial bids for IDBI Bank's strategic sale by September, DIPAM Secretary Tuhin Kanta Pandey said. Several global and domestic institutions have expressed interest in buying about 61 per cent of the government and Life Insurance Corporation's (LIC) stake in IDBI Bank and had put in preliminary bids, the last date of which was January 7. Overall, we are looking at financial bids at least before second half (October-March) of next fiscal year, Pandey told PTI in an interview. The Department of Investment and Public Asset Management (DIPAM), which manages government holding in state-owned enterprises, had in October invited bids for selling 30.48 per cent stake in IDBI Bank, along with 30.24 per cent stake of LIC. The government and LIC together hold 94.72 per cent stake in IDBI Bank, which will come down to 34 per cent after the strategic sale. Talking about the way forward in the strategic sale, Pandey said the work on two set of clearances ...

Financial bids for IDBI Bank expected to come in by Sept: DIPAM Secy
Updated On : 11 Jan 2023 | 11:59 PM IST