NTPC stake sale: Institutional buyers put in Rs 7000-crore bids
The government's 5 percent stake sale in India's largest power producer NTPC got off to a blockbuster start Tuesday with FIIs and institutional buyers alone putting in bids for as much as Rs 7,287 crore, against the total issue size of Rs 5,030 crore.
Feb 23, 2016, 19:45 PM IST
NTPC's rating unaffected by govt's stake sale: Moody's
The government's 5 percent stake sale in NTPC will not impact the rating of the country's largest power producer, Moody's Investors Service said today.
Feb 23, 2016, 15:41 PM IST
NTPC's Rs 5,030-cr stake sale starts under new Sebi norms
The share sale is the first under Sebi's revised offer for sale (OFS) rules that allow the bidding for shares spread over two days.
Feb 23, 2016, 08:50 AM IST
Govt to sell 5% in NTPC on Tuesday at Rs 122, eyes Rs 5,000 crore
The stake sale would be spread over two days with institutional bidders getting the first chance to buy shares Tuesday. Retails investors, for whom 20 percent shares have been reserved, will get to bid on February 24.
Feb 22, 2016, 20:51 PM IST
Coal India stake sale may spill over to next fiscal
The 10 percent stake sale in Coal India is likely to be deferred to next fiscal as the government wants to wait for stability in the equity markets for a better valuation.
Jan 17, 2016, 11:29 AM IST
Govt sells $5 billion of PSU shares in 2015, readies 2016 pipeline
Government's disinvestment kitty has almost doubled this year with over Rs 35,000 crore garnered through PSU share sales.
Dec 20, 2015, 13:00 PM IST
Govt garners Rs 12,701 crore from disinvestment in FY16 so far
Government has raised Rs 12,701 crore from stake sale in PSUs in this fiscal so far and has lined up state-run firms in sectors such as defence, oil and power for disinvestment to garner more capital, Finance Minister Arun Jaitley said.
Dec 11, 2015, 22:58 PM IST
Govt to sell PSU stakes when market conditions improve: Arun Jaitley
Government will sell stake in some state-owned companies, especially those in metals business, only when market conditions improve, Finance Minister Arun Jaitley Monday said amid concerns that the Rs 69,500 crore disinvestment target for the current fiscal may be missed.
Nov 23, 2015, 17:54 PM IST
Cabinet approves 10% stake sale in Coal India, IPO for Cochin Shipyard
The Cabinet Wednesday approved 10 percent stake sale in Coal India and initial public offer of Cochin Shipyard amid growing concerns over meeting Rs 69,500 crore disinvestment target in the current fiscal.
Nov 18, 2015, 18:19 PM IST
Department of Disinvestment wants disinvestment target to be scaled down to Rs 30,000 crore
The Department of Disinvestment wants that PSU stake sale target for the current fiscal be more than halved to Rs 30,000 crore in view of volatility in the stock markets.
Oct 26, 2015, 21:28 PM IST
CIL stake sale: Deadline for merchant bankers extended again
Government has again extended the date by another three weeks for submission of bids by merchant bankers interested in managing the Coal India's (CIL) 10 percent stake sale, which may fetch around Rs 19,600 crore.
Sep 28, 2015, 16:13 PM IST
LIC big market player, not only to bailout divestment: FM Jaitley
Confident of meeting the "ambitious" disinvestment target of Rs 69,000 crore this fiscal, Finance Minister Arun Jaitley on Monday said the government has moved fast so far and all routes are open on this front, including strategic sale of hotels.
Sep 21, 2015, 10:43 AM IST
Government to adhere to FY16 fiscal deficit target: StanChart
Sluggish direct tax collection, likely shortfall in disinvestment proceeds and OROP scheme pay out will add to the government's fiscal burden but it will "adhere to" fiscal deficit target by reducing expenditure, says a Standard Chartered report.
Sep 08, 2015, 13:51 PM IST
Assocham advises central trade unions to call off strike
The apex body Assocham estimated a hefty loss of about 25,000 crore due to the ongoing strike by the central trade unions.
Sep 03, 2015, 13:16 PM IST
Bharat Bandh: Strike affects clearing business at banks
Normal working at banks was affected on Wednesday due to a nationwide strike called by 10 central trade unions, although the staff of SBI, IOB, ICICI Bank, HDFC Bank and Axis Bank stayed away from the agitation.
Sep 02, 2015, 12:44 PM IST
Govt extends deadline for bids to manage CIL's 10% stake sale
Government has extended the date by three more weeks for submission of bids by merchant bankers interested in managing the 10 percent stake sale in Coal India (CIL), which is likely to fetch about Rs 22,450 crore.
Sep 01, 2015, 20:23 PM IST
Reasons behind Sept 2 Bharat Bandh
Essential services are likely to be impacted tomorrow with 10 central trade unions going ahead with one-day nationwide strike to protest against changes in labour laws.
Sep 01, 2015, 17:14 PM IST
LIC buys nearly 90% of Indian Oil's shares on offer
State-owned Life Insurance Corp of India (LIC) has purchased nearly 90 percent of Indian Oil shares sold by the government in its Rs 9,379-crore disinvestment.
Aug 25, 2015, 20:10 PM IST
Indian Oil stake sale full subscribed; govt bags Rs 9,300 crore
The IOC share sale was pulled off by demand from institutional investors who bid for 27.85 crore shares, against 19.42 crore shares on offer. The portion was subscribed 1.43 times.
Aug 24, 2015, 17:03 PM IST
IOC share sale begins amid bloodbath in market
The government is looking to raise about Rs 9,302 crore from sale of 24.28 crore shares in IOC through a one-day OFS route at a floor or minimum price of Rs 387 apiece.
Aug 24, 2015, 11:22 AM IST
