Strategic Sale

Philips cuts annual sales outlook as China demand deteriorates further

Adjusted earnings before interest, taxes and amortisation (EBITA) were exactly in line with expectations at 516 million euros, up 13 per cent year-on-year, as lower costs pushed the profit margin up

Mitsubishi Corp to acquire 32% stake in TVS Vehicle Mobility for Rs 300 cr

TVS Mobility holds dealerships of major companies like Ashok Leyland, Honda, Mahindra and Renault among others, mainly in states like Tamil Nadu, Kerala, Karnataka, AP, Telangana and MP

Govt working out transaction structure of RINL strategic sale: Dipam Secy

The government is working out the transaction structure for the strategic sale of RINL or Vizag Steel, DIPAM Secretary Tuhin Kanta Pandey said on Friday. The Cabinet Committee on Economic Affairs had in January 2021 given in-principle approval for 100 per cent strategic disinvestment of the government shareholding in Rashtriya Ispat Nigam Limited (RINL) -- also called Visakhapatnam Steel Plant or Vizag Steel -- along with RINL's stake in its subsidiaries/joint ventures. "The in-principle approval is there. We are going forward in working out the transaction structure," the Department of Investment and Public Asset Management Secretary said at the CII Global Economic Policy Summit. Department of Investment and Public Asset Management (DIPAM), which manages the government's equity in public sector companies, earlier in March floated the request for proposal (RFP) for appointing an asset valuer registered with the Insolvency and Bankruptcy Board of India (IBBI) to carry out the valuati

Monetisation lessons from NHAI

Its recent experience offers crucial insights into what makes an asset monetisation exercise successful

New proposal in works to give Dipam more power to carry out privatisation

Cabinet to discuss plan on strategic sale policy soon

Modi govt's first strategic sale gets Cabinet nod

Bharat Pumps & Compressors to be privatised, Hindustan Cables to be closed