The government has invited bids to engage an asset valuer for the strategic disinvestment of IDBI Bank. The government and the LIC are selling about 61% stake in IDBI Bank and multiple expressions of interest (EoI) for...
Centre seeks bids for IMPCL’s strategic disinvestment
The government has sought expression of interest for selling its full equity holding in Indian Medicines Pharmaceutical Corporation Limited (IMPCL) under the ministry of Ayush, through strategic disinvestment where the...
Disinvestment process of RINL is under progress
There is no freeze on the disinvestment process of RINL, the Steel Ministry clarified on Friday. Clarifying some media reports regarding the hold on the disinvestment process of the state-owned steel maker, the...
Govt gets Rs 3,839 cr from Axis Bank stake sale; disinvestment kitty swells
The government has garnered about Rs 3,839 crore by selling a 1.5 per cent stake in Axis Bank, held through SUUTI. Last week the government sold a 1.5 per cent stake in Axis Bank through the Specified Undertaking of the...
No suitors: Centre unlikely to pursue CEL disinvestment
The government is unlikely to resume the disinvestment process for Central Electronics Ltd (CEL) any time soon as it feels that the public sector enterprise may not find suitors. A top government official said that a...
J-K administration approves disinvestment of JKCL
The union territory administration on Sunday approved the disinvestment of Jammu and Kashmir Cements Limited (JKCL) as the company was not able to sustain and manage its finances properly, an official spokesman said...
Got multiple EoIs for FSNL disinvestment: DIPAM Secy
The Secretary of the Department of Investment and Public Asset Management (DIPAM) on Monday tweeted that multiple expressions of interest (EoIs) have been received for the strategic disinvestment of Ferro Scrap Nigam...
No plan under consideration for disinvestment of BSNL: Devusinh Chauhan
The government has no plans for disinvestment of Bharat Sanchar Nigam Ltd (BSNL), Parliament was informed on Wednesday. Minister of State for Communications Devusinh Chauhan in a written reply to the Lok Sabha also...
RINL disinvestment paves way for capital infusion, capacity expansion: Govt
The strategic disinvestment of government’s equity in Rashtriya Ispat Nigam Limited (RINL) would lead to infusion of capital, expansion of capacity, infusion of technology and better management practices, Union...
BPCL deal unlikely before March-end, govt could miss disinvestment target: Finance secretary TV Somanathan
With the privatisation of BPCL delayed, the government could miss the ambitious Rs 1.75-lakh-crore disinvestment target for the current fiscal, finance secretary TV Somanathan said on Thursday. “There is a good chance...
Government making all efforts to complete Air India disinvestment process by December-end: Official
The government is making all efforts to complete the disinvestment process of national carrier Air India by the end of December, according to a senior official. Tata group firm Talace Pvt Ltd has emerged as the winning...
BPCL disinvestment: Top India asset sale delayed as suitors strive for partners
India’s plan to privatise Bharat Petroleum Corp. has run into rough weather with bidders struggling to find partners and spread their financial risks, according to people familiar with the matter. The three suitors...