The government will divest its entire stake in Ferro Scrap Nigam Limited (FSNL) held through MSTC Limited in a strategic sale. The Centre will also give up management control in the profit-making central public sector...
Divestment deadline may be extended
The Russia-Ukraine conflict may force India to extend deadlines for planned strategic divestments in some major state-run companies with potential investors seeking more time to submit bids, said two government...
Govt puts divestment of CEL on hold
The government has put disinvestment of Central Electronics Limited on hold pending examination of allegations made by the public sector enterprises’ employees association, a top official told Mint. The letter of intent...
NTPC for full control of PSUs acquired via divestment scheme
State-run power producer NTPC has sought complete control over the two public-sector hydroelectric power companies it acquired last year under the Centre’s disinvestment programme, and suggested discontinuation of...
NTPC chalks out Rs 15,000 crore divestment plan, to list arms NTPC REL, NEEPCO, NVVNL
State-run power giant NTPC has drawn a Rs 15,000 crore divestment plan which includes listing of its arms NTPC Renewable Energy, North Eastern Electric Power Corporation and NTPC Vidyut Vyapar Nigam, a source said. The...
Separation of NON-Core Assets a faster way for Divestment of Core Business
“Government has no business to be in business” those words said by Hon’ble Prime Minister Shri. Narendra Modi clears the intention of Indian government of creating enabling environment for the smooth running of...
Air India divestment: Govt exempts TDS/TCS on transfer of assets to SPV
The government has exempted taxes on transfer of assets by Air India to SPV Air India Assets Holding Ltd, a move aimed at facilitating strategic disinvestment of the national carrier. As a precursor to Air India sale...
Japanese oil producer eyes Canada divestment as M&A picks up
Japanese state-backed oil producer Japan Petroleum Exploration Co (Japex) is considering a sale among other options for its Hangingston oil sands project in Canada, a company spokesperson said on Friday. Japex is...
Lonza completes $4.5 bln specialty ingredients divestment
Lonza has completed the divestment of its specialty ingredients business to Bain Capital and Cinven for an enterprise value of 4.2 billion Swiss francs ($4.53 billion), the Swiss contract drugmaker said on Friday. The...
Lonza completes $4.5 bln specialty ingredients divestment
Lonza has completed the divestment of its specialty ingredients business to Bain Capital and Cinven for an enterprise value of 4.2 billion Swiss francs ($4.53 billion), the Swiss contract drugmaker said on Friday. The...
Govt okays IDBI Bank strategic divestment
The government has approved the strategic disinvestment and transfer of management control in IDBI Ltd. The Cabinet Committee on Economic Affairs, which met under the chairmanship of Prime Minister Narendra Modi, gave...
Strategic divestment of CEL, SAIL units likely to conclude by FY21 end
The government plans to conclude stake sales in a couple of companies before March-end even though a large majority of the ongoing strategic divestment pipeline will be completed in the next financial year. “We should...