Page 4 - Dipam

PM Modi leads brain-storming at 11 budget-related webinars

The webinars saw an estimated participation of around 40,000 stakeholders

Govt receives Rs 888 crore as dividend from NALCO, BPCL, MSTC

The government has received Rs 888 crore as dividend from three CPSEs, DIPAM Secretary Tuhin Kanta Pandey said on Wednesday.

PM Modi to address global investors on privatisation, asset monetisation

The government has set a Budget target of Rs 65,000 crore from CPSE disinvestment/privatisation in the next fiscal beginning April 1

LIC IPO draft papers likely to receive Sebi's approval on Monday

Listing may spill over into FY23 as geopolitical tensions roil markets

LIC IPO: Govt to take call in best interest of investors, says DIPAM Secy

In the wake of the market volatility due to the Ukraine-Russia war, there might be a rethink on the timing of the LIC share sale

Govt aims to privatise 5-6 PSUs in FY22, LIC IPO expected by Q4: DIPAM Secy

Tuhin Kanta Pandey said the government is aiming to close the privatisation of BEML and Shipping Corp of India in FY22

'LIC IPO expected to hit market by Q4FY22,' says DIPAM Secretary

The government will invite financial bids for privatising as many as many as six CPSEs, including BPCL, BEML and Shipping Corp, by January, a top government official said on Wednesday. Tuhin Kanta Pandey, Secretary in the Department of Investment and Public Asset Management (DIPAM), also invited private players to bid for the CPSEs, which are up for privatisation, along with transfer of management control. After 19 years, we will see 5-6 privatisation this year. BPCL is in the due diligence stage. BEML, Shipping Corp, Pawan Hans, Central Electronics, NINL financial bids can take place in December-January so that we can close it by this year itself, Pandey said. Speaking at the CII Global Economic Policy Summit 2021, the secretary said the initial public offering of Life Insurance Corporation (LIC) is expected in the January-March quarter of this fiscal. On LIC IPO, we are working very hard. For the capital market, it will be a very big event in the first quarter of 2022, Pandey ...

LIC IPO on course, to be out in Q4FY22: DIPAM Secy refutes media reports

The LIC IPO is expected to become the biggest one in India

DIPAM's internal estimates had pegged FY23 divestment target at Rs 1.2 trn

Target rationalised to for better accounting, avoiding market distortion

Non-core asset sale: Bidding of BSNL land assets fails to garner interest

DIPAM asks its property consultants to identify issues in criteria; bidding likely to take place again

Top headlines: Fresh blow to Musk's India plans; IndiGo posts profit in Q3

Business Standard brings you the top headlines on Friday

Govt will wait for more suitors to sell BPCL, says DIPAM Secretary

So far three suitors -- the Vedanta group, Apollo Global Management Inc. and I Squared Capital Advisors -- have expressed interest in buying the government's 53% stake in BPCL.

DIPAM Secretary on the disinvestment road map

Soon after Finance Minister Nirmala Sitharaman's Budget 2022 presentation, Business Standard caught up with DIPAM Secretary Tuhin Kanta Pandey for a perspective of the govt's disinvestment road map

LIC's embedded value set at over Rs 5 trn: DIPAM Secretary

Investors are eagerly waiting for the government to indicate LIC's embedded value when it releases the IPO draft prospectus, expected in a matter of days

Working group monitoring back-end tech readiness for LIC IPO: DIPAM Secy

In a Q&A, Tuhin Kanta Pandey that as crores of applications are expected, testing to that scale is needed to avoid hiccups in the application process and movement of funds

Draft LIC IPO prospectus to be filed by next week, issue in Mar: DIPAM Secy

LIC's listing is crucial for the government to meet the lowered disinvestment revenue estimates of Rs 78,000 cr for the current fiscal

Govt has settled Rs 61,000 cr debt, liabilities of Air India: DIPAM Secy

In a Q&A, Tuhin Pandey also said govt plans to list LIC in this financial year

LIC to list on bourses by March 31, says DIPAM Secretary

'LIC disinvestment amount will be included in this year's (Budget) because we aim to list it before March 31,' says Tuhin Kanta Pandey

What is the difference between privatisation and disinvestment?

Loss-making national carrier Air India was privatised last year. And the government is going ahead with LIC disinvestment this year. Find out the difference between these two terms

BPCL, Bina Refinery merger plan gets DIPAM go-ahead

The merger is likely to bring synergy in terms of raising the operational and financial efficiency of BPCL, including crude oil procurement, and the working capital requirements