Page 4 - Psu Disinvestment

LIC IPO unlikely this fiscal year due to delay in valuation process

A lot of work to be done before insurer is ready for market debut, admit LIC and govt officials

BPCL Trust to sell up to 2% stake to employees through new mechanism

To decide on residual 7.33 per cent stake in due course

As BPCL braces for privatisation, workers worry about their future

Older workers are headed for the VRS exit in larger-than-expected numbers even as unrest stirs over unrevised wage settlements

Covid-19: Govt unlikely to meet Rs 2.1 trillion divestment target for FY21

With ambitious FY21 target of Rs 2.1 trn unlikely to be met, govt to push through LIC IPO, privatisation of BPCL or Concor

BPCL divestment process may face resistance from Kerala govt, employees

A few employee unions have already approached the Bombay High Court with two writ petitions

Govt extends bidding deadline for BPCL by two months till Sept 30

The EoI submission deadline was May 2, but on March 31 it was extended up to June 13. On May 26, it was extended to July 31 and now it has been extended till September 30.

Oman firm likely to exit Bina refinery as BPCL gears up for divestment

Bharat Oman Refineries (BORL) may get merged with BPCL post-Oman's exit

60% of Bharat Petroleum staff eligible for voluntary retirement scheme

Firm offers VRS ahead of privatisation

Govt plans to sell Bharat Petroleum Corp stake in time-bound manner

There were speculations that the deadline for submitting the expression of interest (EOI) might be extended further from the current date of July 31

Govt plans to raise Rs 20,000 crore by selling stakes in CIL, IDBI Bank

In case of Coal India, if valuations are not attractive, company will buy back shares from the govt

Govt extends Bharat Petroleum privatisation bid deadline to July 31

Any private company having a net worth of $ 10 billion is eligible for bidding and consortium of not more than four firms will be allowed to bid

Covid-19 crisis: Govt wants PSUs to ramp up dividends, share buybacks

With Covid-19 set to hit FY21 revenue mop-up, Centre looks for options

Statsguru: Value erosion in PSUs can limit govt's disinvestment target

All sectors will be opened up for private firms and PSUs will be privatised in non-strategic sectors

Government ends FY20 divestment programme with Rs 14,700-cr shortfall

The planned IPO of Indian Railway Finance Corporation (IRFC) and an Rs 8,000-crore sale of the Centre's stake in ITC and Axis Bank through SUUTI, have now been put on hold

India is beginning to look like a tired proposition: Ashmore's Jan Dehn

After the election-related fiscal blowout, India needs to scale back fiscal spending and roll out aggressive reforms

LIC IPO can take time, process may extend beyond FY21, says Macquarie

The investment banking and financial services firm in a note cast doubt on chances of LIC hitting the IPO market in next financial year (FY21) following its interactions with actuaries and valuers

LIC IPO, IDBI stake sale to lead govt's Rs 2.1-trn sell-off drive in FY21

Next year's target is the highest ever

Letter to BS: Selling of PSUs is akin to frittering away of national assets

Dismantling the public sector means handing over our national assets, our national wealth to the corporates, domestic and foreign, on a silver platter

Budget 2020: Time for govt to reintroduce wealth tax, says Abhijit Banerjee

India had passed the Wealth Tax Act, 1957 which was levied on an individual, a Hindu Undivided Family and a Corporate entity on its valuation, which was repealed in April 2016

Bridge and Roof Company to ask Centre to stop disinvestment plans

At the time when the divestment was announced, the company had an order book of Rs 4127.07 crore and a top line of Rs 1751.33 crore