Psu Disinvestment

IOC rights issue deferral signals no GOI shift on disinvestment policy

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

IDBI Bank investors receive security clearance; await RBI approval

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

Disinvestment target for FY25 likely to be pegged below Rs 50,000 cr: Icra

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

Govt may lower disinvestment goal by 20% after missing FY24 target: Report

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

India could miss planned divestment targets by more than half this year

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 wants to fly higher; seeks higher stake in Mumbai airport

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

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

Modi govt's 'fire sale' of national assets 'anti-national' act: Kharge

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 ...

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

Sebi likely to relax regulatory norms for Centre for PSU disinvestment

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 .

Govt approves sale of entire remaining stake in Hindustan Zinc

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

Sebi mulls easing 'open offer' pricing formula for PSU disinvestment

Pricing formula to discover open offer price may be eased

Union Cabinet approves creation of a new company for land monetisation

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

TMS Ep101: Fintech, selling in IT stocks, disinvestment, markets, crypto

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

DIPAM Secretary on the disinvestment road map

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

Is India getting its act together on privatisation?

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

SC orders CBI to take forward probe in Hindustan Zinc disinvestment

Allows Centre to shed residual stake

Air India sale: The pangs ahead of the eventual deal with the Tata group

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

Megha Engineering and Infrastructure sees prospects in PSU disinvestments

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

Number of PE deals in India rose 60% over last 5 yrs: McKinsey's Akash Lal

In a Q&A, the Senior Partner at the Consultancy firm also says banks will need to increase productivity by 25%-30% to reach pre-Covid levels of profitability