Govt Stakes Sell

Govt raises Rs 16,500 cr by selling stakes in companies in FY23-24

Prime Minister Narendra Modi's ambition of privatising state-run firms has taken a back seat due to general elections that start on April 19

Central Bank of India plans offer for sale to reduce govt's stake

It has shown preference for the OFS route to avoid dilution of its equity capital base while increasing the public float of shares

Retail holding in NSE firms touch all-time high: All you need to know

This shift in ownership dynamics comes as private promoters saw a decline in shares, marking a 4-year low of 41.55 per cent on September 30, 2023, according to primeinfobase

Singapore government sells 2.9% stake in Phoenix Mills for Rs 670 cr

Singapore government on Friday sold its 2.9 per cent stake in Phoenix Mills, a retail-led mixed-use developer, for Rs 670 crore through an open market transaction. Following the deal, shares of Phoenix Mills declined 3.33 per cent to settle at Rs 1,296 apiece on the National Stock Exchange (NSE). In a bulk deal data transaction on NSE, the Singapore government offloaded more than 51.49 lakh shares, amounting to a 2.88 per cent stake in the firm. The shares were sold at an average price of Rs 1,300.15 apiece, taking the transaction value to Rs 669.54 crore. However, the seller(s) of the shares could not be ascertained. The Singapore government-owned a 4.28 per cent stake in the company as of the December quarter, the latest shareholding data showed with the bourse. Phoenix Mills Ltd is India's leading retail mall developer and operator with approximately 0.64 million square metres of retail space spread across six gateway cities of India. The Mumbai-based firm is the pioneer of .

Why's govt keen on keeping 26% stake in PSBs it wants to privatise

The govt is set to privatise two state-run banks, but may hold on to a 26 per cent stake. What merits does the government see in this stake and will this complicate its efforts to attract investors?

Govt's move to pare stake in Axis Bank fuels hope of divestment by stealth

Last week, it sold shares worth Rs 220 crore in the open market without making a formal announcement. The deal came to light only this week

Govt aims to cut stake in state-run cos to minimum required in FY20: Report

The government aims to raise Rs 400 billion from exchange-traded funds, the official told reporters. The official declined to be identified

Govt must sell stake in PSUs to private firms to cut import bill: Vedanta

Vedanta also said the Mines and Minerals (Development and Regulation) Act needs to be amended to make it more attractive