Psu Stake Sale

IDBI Bank stock gains 3% as RBI okays 3 bidders for majority stake sale

The finance ministry is likely to provide private data room access to potential bidders of IDBI Bank as soon as next week after it received a fit and proper nod for three suitors from the RBI.

Q3 result, stake sale buzz: Here's how analysts expect SBI stock to perform

SBI news: Union Finance Minister Nirmala Sitharaman has reportedly said the government is open to the idea of disinvestment of equity stake in blue-chip public sector undertakings, including SBI

Hindustan Aeronautics tumbles 6% on pricing OFS at discount

The government will be offloading 3.5 per cent stake in HAL through an Offer for Sale at Rs 2,450 per share from March 23 - 24, 2023.

Strong interest: DIPAM receives as many as 167 queries about IDBI sale

9-10 serious bidders seek clarity on the expression of interest

Budget 2023-24: Disinvestment target likely to stay elevated for FY24

The sources said that the government expects over Rs 60,000 crore from the IDBI stake sale.

Analysts bullish on banks, defence-related plays in the PSU pack

The rally in PSU pack thus far in CY22 was mostly led by stocks from the banking and defence-related verticals, while those of oil & gas and metals & minerals did not contribute much

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

Govt to sell up to 16% stake in IRCON via OFS, issue opens Wednesday

The floor price is Rs 88 per share

Top headlines: Cairn seeks $1.4 bn from India, govt may sell 25% in LIC

Business Standard brings you the top headlines of the day

Govt to go ahead with divestment of 23 PSUs cleared by Cabinet: Sitharaman

Talking about disinvestment plans, the minister said the government wants to sell stakein public sector companies at a time when it fetches the right price

Govt to focus on strategic stake sales to meet Rs 2.1 trn disinvestment

Dipam secretary pointed out there have been hiccups due to Covid-19

BMS says Govt has no moral right to sell PSUs, will protest move on June 10

Trade union arm of RSS described advisors to govt as 'predatory'

Govt gives nod for sale of equity shares of 6 PSUs in Neelachal Ispat

The six PSUs are MMTC, National Mineral Development Corporation, Bharat Heavy Electrical Ltd, Odisha Mining Corporation, Odisha Investment Corporation and MECON

Roadshows for BPCL, Container Corporation veer off the beaten track

Govt sounds out select few firms over stake sales; might push process to next financial year

RBSA Advisors, Deloitte transaction advisors in NEEPCO, THDCIL stake sale

The government plans to complete the two sale deals before March 2020 in order to meet its Rs 1,05,000-crore disinvestment target

BPCL conundrum: Govt sure of good returns, but says it's race against time

Govt officials and industry experts confident that the Centre's stake in BPCL can be sold at a premium of 20-30%

Land trouble in Kochi may hit govt's plan for strategic stake sale of BPCL

At least 25 unions have already called a nationwide strike protesting against the Centre's move to privatise BPCL

PSU stocks in focus: Bharat Electronics, ITDC hit 52-week high

BHEL, Hindustan Copper, MMTC and The New India Assurance surged more than 11%, while MOIL, NBCC, NLC India, GIC Re and SAIL were up in the range of 5-10%.

From THDC India to Neepco, govt plans to list 10 PSUs this fiscal year

Without off-Budget borrowing, fiscal deficit would have been 3.55 per cent: Finance secretary

Govt eyes Rs 35,000 cr from PSU stake sale

Dipam also plans to allow employees of these companies be a part of the offer-for-sale