The disinvestment of Bharat Petroleum Corporation (BPCL) is intended to be completed by March 2022 according to company Chairman, Arun Kumar Singh. Speaking at a press conference after the Annual General Meeting of the...
Final bids for Air India disinvestment today, Tata group also in race
The government has initiated the process of financial bids for the debt-laden national carrier Air India (AI) on Wednesday as Aviation Minister Jyotiraditya Scindia made it clear that September 15 date for the process...
BPCL disinvestment process slows down due to pandemic, LIC IPO: Report
India’s plan to sell a majority stake in the country’s second-biggest state refiner has slowed down amid the coronavirus pandemic and other government initiatives such as the initial public offering of the nation’s...
CCEA clears LIC disinvestment; panel headed by FM to decide quantum of stake sale
The Union Cabinet has cleared disinvestment of the country’s largest insurer LIC and a panel headed by the finance minister will now decide on the quantum of stake dilution, a senior official said on Monday. The...
Disinvestment process: Shipping Corp opens virtual data room for potential bidders
Disinvestment-bound Shipping Corporation of India on Monday said it has opened the virtual data room for potential bidders. The government is selling its entire 63.75 per cent stake in the company along with transfer of...
Bank privatisation inches ahead; Cabinet Secy-led panel brainstorm regulatory issues on disinvestment
Inching a step closer to privatisation of two public sector banks, a high-level panel headed by the cabinet secretary recently held a meeting to thrash out various regulatory and administrative issues so that the...
Draft cabinet note floated for 100% FDI in oil PSUs approved for disinvestment: Sources
The commerce and industry ministry has floated a draft cabinet note seeking inter-ministerial views on a proposal to allow up to 100 per cent foreign investment under automatic route in oil and gas PSUs, which have an...
Disinvestment: PSEs’ sale important for NIP agenda
Budget 2021-22 has been lauded by many as a step in the right direction. It lays a strong emphasis on infrastructure development – economic and social. Realising this infrastructure plan would require significant spend...
Centre’s disinvestment plan: A stress test for zombie steel plants
With the government looking to divest loss-making steel assets, significant interest from secondary players is most likely this time apart from the anticipated list of large integrated primary steel producers, said...
BPCL disinvestment process moving on well, to conclude sale by Sept-end: DIPAM Secy
Disinvestment process of oil marketing firm BPCL is moving on well and expected to conclude by September-end, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said on Thursday...
BEML disinvestment gets multiple expressions of interest, says DIPAM
Government has received multiple bids from parties interested in buying it’s stake in Bharat Earth Movers Ltd (BEML), the department of investment and public asset management said Monday. “Multiple...
Shipping Corp disinvestment: Govt extends bid submission deadline to 1 March
The central government on Friday extended the deadline to submit the preliminary bids to buy Shipping Corp of India to 1 March. In December, 2020, the Department of Investment and Public Asset Management (DIPAM) had...