MOIL share sale: Institutional buyers put in Rs 580-crore bids
Strong demand from institutional buyers saw bids worth over Rs 580 crore coming in on the first day of government's 10 percent stake sale in manganese miner MOIL.
Jan 24, 2017, 19:50 PM IST
Government raises $314 million from share sale in L&T
India has raised 21 billion rupees ($314 million) from a stake sale in engineering group Larsen & Toubro Ltd , IFR reported on Friday, citing two sources close to the transaction.
Nov 04, 2016, 13:29 PM IST
Govt not likely to dilute SUUTI stake in listed companies in current fiscal
Rejecting need to dilute stake in private companies through SUUTI route, government has said that it is certain to meet its disinvestment target for the current fiscal through offloading minority interests and strategic sale of state-owned companies.
Apr 25, 2016, 19:19 PM IST
Govt gets Rs 5,000 crore from NTPC OFS; retail investors disappoint
Government Wednesday raised about Rs 5,030 crore from sale of its 5 percent stake in NTPC, with insurance companies getting almost two-third shares but retail participation was lukewarm amid a free-fall of stock markets.
Feb 24, 2016, 21:07 PM IST
NTPC OFS sees lacklustre retail demand, govt may get Rs 5,000 crore
Government Wednesday moped up nearly Rs 5,030 crore from the sale of its 5 percent stake in NTPC but the retail investor portion remained under-subscribed.
Feb 24, 2016, 19:42 PM IST
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
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
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
No plan to divest stake in BSNL, Air India: Govt
Government on Friday said it has no plan to divest its stake in ailing state-run telecom firm BSNL and national carrier Air India, which have been incurring huge losses.
Apr 24, 2015, 18:57 PM IST
Shanghvi did not buy Daiichi Sankyo's shares: Sun Pharma
The company was clarifying on speculations that Sanghvi, who holds 9.61 percent stake in Sun Pharma, had bought shares when Daiichi Sankyo exited from the Indian firm.
Apr 22, 2015, 12:04 PM IST
Daiichi Sankyo to offload stake in Sun Pharma worth Rs 22,000 cr
Japanese drug maker Daiichi Sankyo Monday said it board has approved selling a part or entire 9 percent holding worth over Rs 22,000 crore in Indian drug major Sun Pharmaceutical.
Apr 20, 2015, 18:53 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
Sundaram Finance to buy out RSA's stake in Royal Sundaram Alliance
City-based Sundaram Finance Ltd will acquire 26 percent stake held by Britain`s RSA Group in Royal Sundaram Alliance Insurance for Rs.450 crore, the company said Wednesday.
Feb 18, 2015, 15:16 PM IST
Hyundai Motor family sold $1.1 bn stake in affiliate: Sources
The chairman of Hyundai Motor Co and his son successfully sold their entire 13 percent stake in shipping and logistics affiliate Hyundai Glovis Co Ltd offered in a block deal worth about 1.16 trillion Korean won ($1.07 billion), two persons with direct knowledge of the matter said on Friday.
Feb 06, 2015, 05:05 AM IST
Govt clears stake sale in CIL, ONGC, NHPC; may get Rs 43k cr
The government has missed its disinvestment target for five consecutive financial years.
Sep 10, 2014, 20:26 PM IST
DoD seeks bankers for PFC, REC stake sale; eyes Rs 3,000 cr
The Disinvestment department has initiated the process of appointing merchant bankers to manage the 5 percent stake sale of PFC and REC, which could together fetch over Rs 3,000 crore to the exchequer.
Sep 01, 2014, 21:09 PM IST
Govt defers decision on ONGC, CIL, NHPC stake sale
The government on Wednesday deferred a decision on its stake sale in three PSUs -- ONGC, Coal India and NHPC as Finance Minister Arun Jaitley was not in town.
Aug 27, 2014, 22:20 PM IST
Govt to sell part stake in SAIL, RINL, HAL in FY15
He further said that 5 percent stake sale in SAIL is also scheduled for completion this fiscal.
Aug 05, 2014, 16:27 PM IST
Govt plans to sell 10% stake in Rashtriya Ispat Nigam
The government is also planning to sell a 5 percent stake in state-run Steel Authority of India Ltd this fiscal year to shore up its finances.
Jul 25, 2014, 13:42 PM IST
Govt approves stake sale in Hindustan Zinc, BALCO
The government owns 29.5 percent of Hindustan Zinc and 49 percent of BALCO.
Jul 25, 2014, 13:40 PM IST
