Disinvestment

FinMin to use Facebook, Twitter to push disinvestment

The Department of Disinvestment in the Finance Ministry will hire an advertising or public relation agency for the purpose.

Jan 04, 2015, 11:13 AM IST

MOIL stake sale process starts; may hit market this fiscal

At the current market price of Rs 295.15 a share, MOIL stake sale could fetch about Rs 500 crore to the exchequer.

Dec 21, 2014, 10:54 AM IST

Residual stake sale in Hindustan Zinc, Balco unlikely this fiscal

The government is unlikely to sell its residual stake in Hindustan Zinc and Balco in the current fiscal as it looks at ONGC and Coal India disinvestments to meet the current year's target.

Dec 17, 2014, 15:02 PM IST

Govt eyes fatter share sale kitty in next year; gets Rs 18K crore in 2014

A top banker, who has advised on some PSU share sales, said the government's disinvestment programme in 2014 began on the right note, but lost track within a few months.

Dec 16, 2014, 14:04 PM IST

FinMin hopeful of good response to future PSUs stake sale

Encouraged by the good response to the stake sale in SAIL, the Finance Ministry on Wednesday hoped that the momentum will continue and future stake sale of PSUs would be lapped up by investors.

Dec 10, 2014, 14:28 PM IST

SAIL offer for sale subscribed more than two-times, govt gets Rs 1,715 crore

Government's disinvestment drive got a tremendous start Friday, with steel major SAIL's share sale being subscribed more than two times fetching the exchequer Rs 1,715 crore.

Dec 05, 2014, 17:30 PM IST

SAIL offer over-subscribed; Govt to raise at least Rs 1,500 cr

While the new government assumed power in late May, there have been no PSU share sales so far in the current fiscal.

Dec 05, 2014, 11:36 AM IST

SAIL disinvestment on today, govt to get Rs 1,700 cr

The SAIL offering would be the first PSU share sale under the new government, which targets to raise Rs 43,425 crore.

Dec 05, 2014, 08:42 AM IST

Govt to sell 5% stake in SAIL on Friday; floor price fixed at Rs 83

The floor price of Rs 83/share indicates a 2.75 per cent discount to the closing price of SAIL scrip that ended 0.35 per cent down at Rs 85.35 on the BSE.

Dec 04, 2014, 17:43 PM IST

SAIL disinvestment on Friday, govt to get Rs 1,700 cr

Kicking off its disinvestment drive, the government will sell 5 percent of its stake in steel major SAIL on Friday, which could fetch Rs 1,700 crore to the exchequer.

Dec 03, 2014, 19:07 PM IST

Disinvestment in PSBs in phased manner under consideration: FM

With an aim to help public sector banks raise capital, government is considering to reduce its stake up to 52 percent in a phased manner in these banks, Finance Minister Arun Jaitely said Tuesday.

Dec 02, 2014, 21:19 PM IST

CIL, ONGC disinvestment likely to be in 2 tranches

Government is planning to offload a part of its stake in Coal India and ONGC in two tranches to get a fair value of the equity, official sources said.

Nov 25, 2014, 22:11 PM IST

Govt may split Coal India share sale in two tranches: Sources

The government is likely to split the Coal India Limited share sale into two tranches as its feels the prices are undervalued, sources said Tuesday.

Nov 25, 2014, 20:11 PM IST

Govt plans $2.8 bn ONGC stake sale by early Dec: Sources

The government is planning to sell a 5 percent stake in state-run energy explorer Oil and Natural Gas Corpin the last week of November or the first week of December, two sources directly involved in the deal said on Wednesday.

Nov 05, 2014, 17:56 PM IST

Hindustan Zinc disinvestment probe referred to AG

CBI has referred to the Attorney General its findings in the inquiry related to alleged irregularities in the disinvestment of Hindustan Zinc Ltd (HZL) during the period of NDA government in 2002, sources in the investigating agency said Tuesday.

Oct 21, 2014, 20:33 PM IST

Disinvestment programme on track, schedule soon: FM

The government's Rs 43,425 crore disinvestment programme is on track and a schedule for sale of stake in state-owned firms will be announced shortly, Finance Minister Arun Jaitley said on Friday.

Oct 17, 2014, 21:28 PM IST

Govt planning to sell 5% stake in RCF next fiscal

The government is planning to divest at least 5 percent stake in state-run Rashtriya Chemicals and Fertilizers (RCF) in 2015-16, sources said.

Oct 02, 2014, 18:31 PM IST

Govt to divest 10% in RINL; IPO prospectus filed with SEBI

Rashtriya Ispat Nigam Ltd (RINL) has filed a draft prospectus with market regulator SEBI for an initial public offer (IPO) through which the government will sell 10 percent of its stake in the company.

Sep 22, 2014, 18:27 PM IST