'HSCC, EPIL in advanced stages for merger with similarly placed CPSEs'
The government last October invited bids from similarly placed central public sector enterprises (CPSEs) for buying out entire 100 percent stake in them, along with management control.
Jun 22, 2018, 17:50 PM IST
Nalco stake sale fully subscribed, retail buyers outbid
The offer for sale (OFS) opened to institutional investors yesterday, wherein foreign fund houses and domestic institutions bid for 1.84 times the shares on offer.
Apr 20, 2017, 15:21 PM IST
Cabinet gives in-principle approval to strategic stake sale in PSUs
The Union Cabinet on Thursday gave in-principle approval to the proposal of NITI Aayog for strategic stake sale in over a dozen PSUs, including profit making ones.
Oct 27, 2016, 15:57 PM IST
PSUs to soon undergo strategic stake sale
After 12-year hiatus, government is set to revive strategic sale of state-owned companies with the Cabinet likely to consider shortly the outright sale of stake in over a dozen PSUs including the profit making ones.
Oct 22, 2016, 13:19 PM IST
Government set revive strategic stake sale in PSUs; Cabinet decision shortly
After 12-year hiatus, government is set to revive strategic sale of state-owned companies with the Cabinet likely to consider shortly the outright sale of stake in over a dozen PSUs including the profit making ones.
Oct 21, 2016, 18:19 PM IST
'Strategic divestment in Public Sector Undertakings within 6 months'
Government is expected to go ahead with the strategic divestment in public sector units (PSUs) within the next six months besides closing down sick firms that are beyond revival, NITI Aayog Vice Chairman Arvind Panagariya said.
Jul 08, 2016, 14:51 PM IST
PSU stake sale: Government to prioritize companies for strategic disinvestment on July 5
An inter-ministerial meeting of secretaries, on July 5, is likely to shortlist the loss-making and sick government companies for stake sale or closure, from the list of companies NITI Aayog submitted to the Prime Minister's Office in June.
Jul 03, 2016, 09:53 AM IST
Govt not likely to dilute SUUTI stake in listed companies in current fiscal
Rejecting need to dilute stake in private companies through SUUTI route, government has said that it is certain to meet its disinvestment target for the current fiscal through offloading minority interests and strategic sale of state-owned companies.
Apr 25, 2016, 19:19 PM IST
Sensex & PSU stake sale: Stock market down for 17th time
In contrast, there have been only three occasions in the past when the Sensex has registered a gain on a day of Offer For Sale (OFS) by a PSU.
Feb 23, 2016, 19:25 PM IST
Cabinet approves 10% divestment in Coal India
The Union Cabinet on Wednesday approved 10 percent stake sale in Coal India that could fetch up to Rs 20,000 crore to the exchequer.
Nov 18, 2015, 15:04 PM IST
PSU stake sale: Govt begins consultations to sell loss-making public companies
Government has put the strategic sales of PSUs on the fast track and has begun consultations for putting a framework to outline a process for the same.
Nov 14, 2015, 15:38 PM IST
Department of Disinvestment wants disinvestment target to be scaled down to Rs 30,000 crore
The Department of Disinvestment wants that PSU stake sale target for the current fiscal be more than halved to Rs 30,000 crore in view of volatility in the stock markets.
Oct 26, 2015, 21:28 PM IST
Volatile markets may slow down PSU stake sale: FM Jaitley
Volatile stock markets may compel government to go slow in diluting PSU stocks in the stock market, said Finance Minister Arun Jaitley
Oct 05, 2015, 09:20 AM IST
PFC stake sale fully subscribed, government may get Rs 1,600 cr
PFC is the second PSU to be divested in the current fiscal under the government's disinvestment programme.
Jul 27, 2015, 12:19 PM IST
Govt tapping overseas markets to push PSU stake sale
Facing a daunting Rs 69,500-crore PSU stake sale target, the Disinvestment Department has begun tapping new overseas markets like Australia, Japan and Canada to attract their cash-rich pension and sovereign wealth funds.
Jul 23, 2015, 21:52 PM IST
Cabinet approves stake sale in IOC, NTPC; may fetch Rs 13,600 crore
The government will sell its 10 percent stake in blue-chip Indian Oil Corporation (IOC) and 5 percent in power producer NTPC to mop up about Rs 13,600 crore in this fiscal's first disinvestment approval.
May 13, 2015, 12:18 PM IST
Cabinet clears 5% disinvestment in NTPC, 10% in Indian Oil
The Union Cabinet on Wednesday approved 5 percent disinvestment in NTPC and 10 percent in Indian Oil Corporation to achieve the current fiscal's disinvestment target of Rs 41,000 crore.
May 13, 2015, 11:19 AM IST
Fiscal deficit position to improve in Jan-Mar quarter: Finance Ministry
The Finance Ministry is expecting an improvement in the fiscal position in January-March quarter on a likely pick up in tax revenue realisation, receipts from spectrum auction and stake sale of PSUs.
Jan 01, 2015, 20:59 PM IST
FinMin asks DoD to complete groundwork for PSU stake sale
The Finance Ministry has asked the Department of Disinvestment to complete the groundwork for stake sales in state-owned companies soon after the budget to take advantage of the bull phase in the stock market.
Jun 15, 2014, 20:25 PM IST
