India said on Monday it plans to sell its entire stake in Air India, in a revised push to sell its national carrier after an initial attempt to sell a majority stake in the airline failed to draw a single bid in 2018. A...
Assam Government requests Central Government to divest BPCL’s stake in NRL to Oil India
State seeks to buy 13 per cent more stake in NRL for ₹ 2,000 crore The Assam government has requested the Centre to divest its stake in Bharat Petroleum Corporation Ltd in favour of Numaligarh Refinery Ltd (NRL) to Oil...
France’s ENGIE to sell 74% stake in India business to Edelweiss’ fund
Energy firm Engie SA of France, one of the largest foreign solar power investors in India, said on Thursday that it will sell a 74% stake in its local solar business to Edelweiss Infrastructure Yield Plus (EIYP) fund...
Cairn India hunts for big oil partner via stake sale
The Anil Agarwal-led Vedanta is looking to sell a minority stake in Cairn India to a strategic partner as the diversified oil-to-metals conglomerate looks to cut its mammoth $6.6 billion (Rs 46,500 crore) debt and...
Divestment in 6-7 PSUs in next ten months, says Chawla
The Government has lined up plans to divest stake in at least six to seven public sector undertakings in the next 10 months, the Finance Secretary, Mr Ashok Chawla, told reporters here today. While refusing to name the...
Steel Ministry proposes 8.38% NMDC stake sale
The Government has taken an important step towards disinvestment of an 8.38 per cent equity stake in the iron ore producer NMDC with the Steel Ministry recommending the stake sale to the Department of Disinvestment in...
Govt may divest in four mining units
The government is looking at four mining units under the administrative control of the steel ministry for stake sale. But a roadmap is yet to be drawn. The move is being considered to meet funds requirement, a top...
Disinvestment firmly back on Centre’s agenda
Disinvestment in central public sector undertakings (PSUs) is now firmly on the UPA Government’s agenda. The Finance Ministry has initiated discussions with other ministries and departments for identifying the...
No formal proposal on BHEL divestment yet; will talk to Board
The government has said there is no concrete proposal yet to divest equity in blue-chip BHEL, with Heavy Industry Minister Vilasrao Deshmukh saying that company’s Board would be consulted on it...
Govt should dilute stake in Navratnas by 20%: Assocham
The new government at the Centre should dilute its equity in Navratna companies by 20 per cent to mobilise Rs 3 lakh crore for containing the fiscal deficit, industry body Assocham said...
