Indian disinvestment plans have largely been a case of over-promising and under-delivering, with the fundraising target met only twice in the past 12 years. Even so, this year’s miss marks a new low. The government has...
Disinvestment of Air India finally seems to take off
The government has finally managed to spark interest in the strategic disinvestment of Air India, having received multiple expressions of interest, according to the secretary of the department of investment and public...
Govt to focus on strategic stake sales to meet disinvestment target: DIPAM
The government will focus on strategic stake sales to meet the ₹1.20 trillion CPSE disinvestment target in the current fiscal, DIPAM Secretary Tuhin Kanta Pandey said on Friday. The government has already invited bids...
Centre seen missing FY20 disinvestment target as majority of PSU stocks slump
With majority of PSU stocks slumping, the Centre will struggle to reach even the revised disinvestment target of Rs 65,000 crore, which was 38% lower than the Budget estimate of Rs 1.05 lakh crore for FY20. So far in...
Concor disinvestment process hits a roadblock! Private companies object to sale of Indian Railways land to PSU
The Container Corporation of India’s disinvestment process has hit a roadblock! Piyush Goyal-led Railway Ministry has valued the cost of its land leased to Concor at Rs 16,500 crore. However, the private container...
Disinvestment puts India’s PSU icons on sale as Modi govt scrambles for money
After years of small divestments, Prime Minister Narendra Modi has launched India’s biggest-ever asset sale, a $29 billion privatization drive that would help prop up the economy but could also spark worker protests as...
Air India disinvestment process going on extremely well: Hardeep Singh Puri
The disinvestment process for Air India is going on “extremely well”, Civil Aviation Minister Hardeep Singh Puri said on Friday. On January 27, the government came out with a Preliminary Information...
SC seeks CBI response on providing copy of probe into disinvestment of govt share in Hindustan Zinc
The Supreme Court on Wednesday sought the CBI’s response on providing a copy of its probe report closing the preliminary inquiry into the disinvestment of the government’s share in PSU Hindustan Zinc Limited...
BPCL disinvestment: Next significant capex after new investor steps in
As the central government looks to exit Bharat Petroleum Corporation (BPCL), a new investor will step in time for the company’s next significant capital expenditure (capex). Executives though add the timing is...
This time there would be no problem in Air India disinvestment: Hardeep Singh Puri
Air India’s disinvestment will not face any problems this time as the interest shown by prospective buyers has been reassuring, Aviation Minister Hardeep Singh Puri said on Monday. He said the government wants Air...
Budget estimates from disinvestment likely to be ₹1 trillion
The next fiscal sell-off target is being pegged at over ₹1 trillion on the back of higher number of strategic stake sale of both big and small companies, apart from the scheduled divestment of Air India, BPCL and Concor...
What is strategic sale? How is it different from disinvestment?
The sale of Air India and BPCL would have served as a shot in the arm for the government’s Rs 1,05,000 crore disinvestment target budgeted for FY20. As of now, it looks highly unlikely that the strategic sale of...