Page 8 - Divestment

Govt hopes to hit bull's eye on divestment, meet Rs 1.05-trn FY20 target

BPCL to garner bulk of proceeds; Air India sale may happen next year

The big push, finally

Strategic sale decision welcome; should have come earlier

BPCL scales fresh 52-week high as Cabinet okays divestment, retreats later

Apart from BPCL, the Cabinet also approved divestment of its stake from Shipping Corp, THDC India, and NEEPCO, and most of its stake in Container Corporation of India (CONCOR).

Centre's strategic BPCL divestment may trigger bidding war among firms

The Centre on Wednesday decided to go for sale of its entire 53.29 per cent stake and transfer of management control in BPCL to a strategic buyer

Govt must reduce reliance on bond mkts, undertake divestment: Ex RBI Dy Gov

Acharya also emphasised that the time is "really ripe" for land, labour and agricultural reforms in India.

Divestment isn't enough to sustain uptrend in BHEL as numbers don't support

Operational performance has been on a weak footing for long, with little hope of turnaround even in the medium-term

BHEL posts biggest intra-day rally in 10 yrs on govt stake sale plan report

The stake in BHEL may be pared in tranches to 26 per cent from 63.17 per cent now.

BPCL surges nearly 6% as reports say Saudi Aramco may bid for govt stake

On September 30, the group of secretaries on disinvestment gave its approval for to sell government's entire 53.29 per cent stake in BPCL, which is likely to be completed by March 31, 2020.

Govt speeds up divestment plans on upbeat sentiment after tax cut

Sources also said the prevailing market sentiment, if it holds, would be conducive to the Centre's strategic sale and asset monetisation

Budget 2019: Air India sale on cards, govt hikes divestment target for FY20

Will also offer more CPSEs for strategic participation by the private sector

Dredging Corp stake a raw deal for port trust consortium, say experts

Stake buy by private entity could do more justice to asset, they said

Eye on divestment target, govt to sell enemy shares, exit Dredging Corp

The 'enemy shares' are valued at Rs 30 bn at current rates, the govt said, while the Centre's 73.47% stake in DCI is valued at Rs 7.17 bn as on Wednesday's closing date

Mockery of divestment

PSU share buybacks could lead to an investment squeeze

Strategic, programmed portfolio review process important to divest: Report

87% of the companies are planning to divest within the next two years

Proximity to PM's house stalls divestment in Hotel Ashok, Samrat

ITDC is divesting its share of 51% in the joint venture company formed for operation of the hotels

Govt gears up for divestment drive

Offers for sale, IPOs, ETF and mergers and acquisitions planned to raise Rs 72,500 cr

Government gets proactive on divestment

The government seems to be taking a proactive approach towards divestment this fiscal. While the center has already wrapped up the offer for sale (OFS) of National Aluminum Company (Nalco) last week, in the next few months it is lining up stake sales in seven public sector entities (PSUs). These include Indian Oil Corporation (IOC), NTPC, Steel Authority of India (SAIL), NTPC, NHPC, Rural Electrification Corporation (REC) and Neyveli Lignite Corporation (NLC). The move is seen as an attempt to plan out the divestment issues evenly during a year and avoid clogging of issues in the last few months. The government has set itself an ambitious divestment target for the current fiscal. As per the Union Budget, center plans to raise Rs 72,500 crore through divestment during the current fiscal. Of the total amount, government expects to garner Rs 46,500 crore though minority stake sales. It plans to garner Rs 11,000 crore from strategic stake sales which involves selling of the stake ...

Cabinet gives in-principle nod to biggest divestment drive

The PSUs include loss-making and profit-making entities as well as assets such as factories and plants

Why this could be the best year for divestment

If the government can fix a few glitches in its process, it can get closer than ever to hitting the target

Strategic divestment in PSUs within 6 months: Arvind Panagariya

Panagariya said NITI Aayog has also done a report on identifying the units that are sick and may need to be closed down