Govt has drawn list of PSUs for strategic sale: Jaitley
Finance Minister Arun Jaitley today said the government has drawn a list of state-owned companies which will be put on block for strategic sale.
Mar 25, 2015, 21:29 PM IST
DoD working out modalities for strategic sale of PSUs: Secy
The disinvestment department is working out modalities for strategic sale of PSUs which will see management control passing on to the private sector, a top government official said today.
Mar 05, 2015, 16:11 PM IST
Strategic sale in PSUs: Govt open to divest over 51%
The government is open to selling more than 51 percent in certain public sector entities as part of its 'strategic sale' through which it aims to collect Rs 28,500 crore next fiscal, a top finance ministry official said Monday.
Mar 02, 2015, 23:45 PM IST
Disinvestment target set at Rs 69,500 cr for 2015-16
For the current fiscal, disinvestment proceeds are projected at Rs 31,350 crore in the revised estimates. This is lower than Rs 58,425 crore budgeted earlier.
Feb 28, 2015, 14:54 PM IST
Disinvestment in LIC, Air India, BSNL will unlock lakhs of crores of rupees: Deepak Parekh
Pitching for disinvestment in public sector behemoths like LIC, Air India and BSNL, top industry leader Deepak Parekh has said it can unlock huge funds worth "lakhs of crores of rupees" and shares should be given to retail investors without depending on the overseas entities.
Feb 22, 2015, 19:02 PM IST
CPSE ETF to hit mkts by March; may fetch Rs 5,000 crore
The Finance Ministry is planning to offer the second tranche of CPSE Exchange Traded Fund (ETF) by the end of March, which may fetch Rs 5,000 crore to the exchequer.
Feb 03, 2015, 16:22 PM IST
Govt to push for more retail participation in disinvestments
"We will meet Sebi to see if the time frame for opening of demat account can be reduced. It will help new retail investors to apply in the upcoming PSU disinvestments," a government official said.
Feb 01, 2015, 16:15 PM IST
Trade unions protest against Coal India stake sale
Five trade unions operating in the coal sector on held demonstrations to protest against the Coal India disinvestment.
Jan 30, 2015, 20:47 PM IST
Fiscal deficit overshoots budget target
India's fiscal deficit overshot the budget estimate of Rs 5.31 lakh crore by December-end and may prompt the government to take tough steps in the remaining part of 2014-15 to restrict it to 4.1 percent of GDP.
Jan 30, 2015, 19:22 PM IST
CIL down 4% as floor price for stake sale set at a discount
Stocks of Coal India ended nearly 4 percent lower in the wake of the floor, or the minimum offer, price for the company's share sale being set at a discount.
Jan 30, 2015, 19:19 PM IST
Coal India shares end over 2% lower on stake sale announcement
After falling 5 percent to Rs 364.60 in intra-day trade at the BSE, shares of CIL finally ended at Rs 375.15, down 2.32 percent from its previous close.
Jan 29, 2015, 20:15 PM IST
CIL stake sale: Strong pitch made to foreign, domestic investors
A strong pitch has been made among investors from the US and Europe, as also various domestic funds and state-run behemoths like LIC and SBI, to participate in Coal India's mega share sale worth Rs 22,600 crore tomorrow.
Jan 29, 2015, 20:14 PM IST
HAL plans to get listed; to restructure board by April 1
As part of the government's disinvestment programme, state-run Hindustan Aeronautics Ltd (HAL) plans to get listed as one of the Maharatna companies, for which it will restructure its board by April 1.
Jan 29, 2015, 00:22 AM IST
CIL share sale: Sebi, exchanges put surveillance on high alert
Markets regulator Sebi and stock exchanges have put their surveillance systems on 'high alert' in view of the government's estimated Rs 24,000 crore mega share sale in Coal India on Friday.
Jan 28, 2015, 21:55 PM IST
Govt to sell 10% stake in CIL on Jan 30; to get Rs 24,000 cr
The government will sell up to 10 percent stake in the blue chip Coal India Ltd (CIL) through offer for sale on Friday and is expected to mop up around Rs 24,000 crore at current market price.
Jan 28, 2015, 18:53 PM IST
Govt may sell 5% stake in PFC next week
The government is likely to offload 5 percent of its stake in Power Finance Corporation (PFC) next week which could fetch Rs 1,850 crore to the exchequer.
Jan 24, 2015, 00:00 AM IST
Govt likely to sell 10% stake in IOC this fiscal, to fetch Rs 8,150 cr
The government is likely to sell 10 percent of its stake in Indian Oil Corp, the nation's biggest company, this fiscal to raise about Rs 8,150 crore.
Jan 14, 2015, 16:57 PM IST
Govt to sell stake in more than 1 PSU by March-end: Jaitley
With less than three months left in the current fiscal, Finance Minister Arun Jaitley Monday said the divestment programme would be pursued on priority and involve more than one PSU during this period.
Jan 12, 2015, 13:22 PM IST
'Govt's disinvestment in banks doesn't comply with international norms'
The central government's move to reduce its shareholding in public sector banks to 52 percent may not meet their capital needs under new international norms, a top official said here Saturday.
Jan 10, 2015, 16:29 PM IST
Major disinvestments before March 31: Arun Jaitley
The government will go for major disinvestment in the next two-and-a-half months and will strive to stick to the fiscal deficit target of 4.1 percent in the current year, Finance Minister Arun Jaitley said on Friday.
Jan 09, 2015, 22:20 PM IST
