Disinvestment

Indian Oil stake sale Monday; govt eyes best 'first half' disinvesment kitty in 7 years

Looking to garner Rs 9,300 crore from Indian Oil share sale Monday, the government expects its disinvestment kitty so far this fiscal to swell to Rs 12,600 crore -- making it the best 'first-half' in 7 years.

Aug 23, 2015, 17:30 PM IST

Indian Oil stake sale floor price set at Rs 387 a share

The government has set a floor price for the sale of shares in top state-run refiner Indian Oil Corp Ltd at Rs 387 each, the company said, a two percent discount from Friday`s close.

Aug 22, 2015, 18:35 PM IST

Govt to sell 10% stake in IOC to raise Rs 9,500 crore on Monday

In the biggest disinvestment this fiscal, the government will on Monday sell a 10 percent stake in nation's largest oil firm IOC to raise about Rs 9,500 crore.

Aug 21, 2015, 18:35 PM IST

CITU protests Coal India disinvestment plan

The Centre reportedly mulling disinvestment in the state-owned Coal India has triggered protest demonstrations by Left-backed CITU, even as the Congress-backed INTUC is yet to take a call on the matter.

Aug 18, 2015, 21:26 PM IST

Profit making PSUs may be asked to submit IPO plans to govt

Profit-making unlisted PSUs and their subsidiaries may have to submit listing plans while signing annual performance pacts with the government, a move aimed at helping the Centre garner resources and unlocking the value of many state-owned firms.

Aug 09, 2015, 11:58 AM IST

Govt mulls selling 3% stake in GAIL to raise Rs 1,800 crore

The government plans to sell 3 percent stake in state-owned gas utility GAIL India which could fetch over Rs 1,300 crore to the exchequer.

Aug 04, 2015, 15:14 PM IST

India's divestment deals on slow burner: DBS

Progress on India's divestment front has been slow in the first four months of this fiscal year, a Singapore-based bank said Wednesday.

Jul 29, 2015, 13:47 PM IST

Govt to sell 5% stake in PFC on July 27

Government will divest 5 percent of its stake in Power Finance Corporation on July 27 which may fetch around Rs 1,700 crore at current market price.

Jul 24, 2015, 22:44 PM IST

Govt tapping overseas markets to push PSU stake sale

Facing a daunting Rs 69,500-crore PSU stake sale target, the Disinvestment Department has begun tapping new overseas markets like Australia, Japan and Canada to attract their cash-rich pension and sovereign wealth funds.

Jul 23, 2015, 21:52 PM IST

FinMin mulling transferring stake in divestment-bound oil PSUs

Ahead of government's plans to sell stake in oil companies, the Finance Ministry is considering to transfer some stake in disinvestment-bound PSUs to a separate company to insulate it from market volatility.

Jul 20, 2015, 21:31 PM IST

Completion of disinvestment in 10 PSUs to depend on market: Govt

"The market and other related conditions will determine transaction completion time," DoD has told the merchant bankers to their query whether all the transactions would be completed in three years.

Jul 19, 2015, 12:16 PM IST

Sebi should decide fast on halting PSU stock trade on stake sale day: Govt

Currently, once a disinvestment proposal is firmed up, the decision has to be intimated to the stock exchange two days before the sale.

May 24, 2015, 11:52 AM IST

Revamped CPSE ETF by October; EPFO, NPS to park fund

The Finance Ministry is planning to launch a revamped and retail investor-friendly CPSE Exchange Traded Fund (ETF) by October in which cash rich EPFO and NPS could park their money along with individual investors.

May 21, 2015, 16:04 PM IST

No difficulty in strategic sale of some PSUs: FM Jaitley

The government is looking at an outright sale of certain public sector undertakings through a strategic partner, Finance Minister Arun Jaitley said Thursday indicating the first such sale could of PSUs under the Tourism Ministry.

May 14, 2015, 19:41 PM IST

Cabinet approves stake sale in IOC, NTPC; may fetch Rs 13,600 crore

The government will sell its 10 percent stake in blue-chip Indian Oil Corporation (IOC) and 5 percent in power producer NTPC to mop up about Rs 13,600 crore in this fiscal's first disinvestment approval.

May 13, 2015, 12:18 PM IST

Cabinet clears 5% disinvestment in NTPC, 10% in Indian Oil

The Union Cabinet on Wednesday approved 5 percent disinvestment in NTPC and 10 percent in Indian Oil Corporation to achieve the current fiscal's disinvestment target of Rs 41,000 crore.

May 13, 2015, 11:19 AM IST

REC shares end 2% higher after govt share sale

Shares of Rural Electrification Corporation (REC) Thursday ended nearly two percent higher, a day after the company received an overwhelming response to its share sale by the government.

Apr 09, 2015, 17:56 PM IST

REC share sale subscribed over 5 times, govt gets Rs 1,550 cr

The stake sale in Rural Electrification Corpn (REC) is the first in the government's disinvestment pipeline for the current fiscal.

Apr 08, 2015, 17:17 PM IST

REC stake sale Wednesday; govt sets floor price at Rs 315/share

Government will sell 5 percent stake in Rural Electrification Corporation Wednesday at Rs 315 a share to mop up over Rs 1,550 crore, marking the first disinvestment of the current fiscal.

Apr 07, 2015, 18:42 PM IST