Page 6 - Divestment

HDFC Bank divests over 25% stake in CDSL for Rs 223 crore

HDFC Bank sold 23,11,000 equity shares of face value of Rs 10 each fully paid up held by the bank in CDSL through the secondary market route on the NSE

Strategic divestment: Valuation of companies caught in the crosshairs

Forces govt rethink on NINL valuation, delaying sale

Tech view: Divestment news can trigger up to 25% rally in IOB, Central Bank

The stock of Central Bank of India is poised to breakout on the upside if it manages to conquer the resistance of Rs 25.50 with a stable upmove

Promoter company Worldone to acquire JSPL's thermal power business

Industry sources said the estimated deal size is close to Rs 12,000 crore, which includes Rs 6,500 crore debt, Rs 7,000 crore redeemable preference shares and Rs 3,015 crore equity infusion

Singapore-based SC Ventures plans to divest its stake in B2B company

According to sources, the platform, set up last September, hopes to hit the unicorn status ($1 billion) by the mid-third quarter of next year

Fast-track admin processes to meet divestment target: Parliamentary panel

The panel said it is "concerned" that meeting divestment target is pivotal to the Budget

Divestment target will be overachieved by a wide margin: Sunil Singhania

CY20 was a unique year that witnessed one of the sharpest falls in the markets in recent years and an equally sharp recovery, says Singhania

Govt sells stake in Tata Communications, OFS fully subscribed

The offer for sale will fetch the government about Rs 5,500 crore.

Govt to take care of job loss, other facilities in divestment: Thakur

The government on Monday said that concerns related to job loss and other facilities will be taken care of when a central public sector company is divested

Dividend payout hope post Numaligarh Refinery deal drives BPCL stock

Shares of BPCL hit fresh 52-week high of Rs 482.4 apiece, up 6 per cent on the BSE, as its Board approved to offload the firm's holding in the Numaligarh Refinery unit for Rs 9,878 crore

PM Narendra Modi to address a webinar on divestment on February 24

The meeting will be attended by Finance Minister Nirmala Sitharaman and officials from finance and other government departments

A bold move

Policy on strategic disinvestment is a huge break from the past

Telecom giant Bharti Airtel divests stake in Seynse Technologies

Telecom operator Bharti Airtel has divested its stake in Seynse Technologies, according to a regulatory filing

Decks may soon be cleared for Container Corporation privatisation

The policy will provide clarity on lease rates the new buyer of the company will have to pay

BEML, RCF: Divestment may trigger a breakout in PSU stocks, charts show

If the Nifty PSE Index sustains above 2,800 levels on the closing basis, it may see a rally towards 3,100 levels

Govt to divest 26% stake in BEML; EoI submission open till March 1

The sale could fetch the government Rs 1,055 crore, according to the company's share closing price on Friday

Missing the mark: How will govt achieve divestment target for FY21

Among strategic sales, the government is already working on plans to divest Bharat Petroleum, Container Corporation, BEML, and Shipping Corporation

Panel approves bidding plan for Shipping Corporation privatisation

During the current fiscal year, the government has received Rs 12,380 crore in divestment receipts against the government's target of Rs 2.1 trillion

BPCL disinvestment gets going with multiple EOIs, Reliance stays away

Aramco also not in fray; actual number bids not revealed but sources say three of four have been received

SBI board clears divestment of over 8.5% stake in UTI Trustee Company

The divestment, it said, has been approved to comply with Regulation 7B of the Securities and Exchange Board of lndia (Mutual Funds) (Amendment) Regulation, 2018