Page 8 - Dipam

NTPC gets Niti Aayog, DIPAM nod to set up renewable energy biz arm

NTPC said it has received the approval of Niti Aayog and Department of Investment and Public Asset Management to set up a wholly-owned company for its renewable energy business.

Govt plans stake sale in IRCTC, invites bids for managing sale by Sep 10

Govt holds 87.40 per cent stake in IRCTC and has to lower its stake to 75 per cent, according to regulator guidelines

Privatisation remains a priority despite Covid slowdown: DIPAM Secy

Says it is not that investors are not engaged, but they want more time. Because one thing that is not open yet is international travel

Second tranche of Bharat Bond ETF receives bids worth Rs 10,000 cr

The second series of ETFs were launched with a green-shoe option of an additional Rs 11,000 crore over and above the base issue size.

Govt begins asset sale process for BSNL and MTNL, hires consultancy firms

Feasibility report likely by July end

Govt to focus on strategic stake sales to meet Rs 2.1 trn disinvestment

Dipam secretary pointed out there have been hiccups due to Covid-19

Bharat Bond ETF may look at including 'AA' rated securities of PSUs: DIPAM

The ETF currently invests only in 'AAA' rated bonds of public sector companies

Govt extends deadline to bid for Air India by two months till Aug 31

This is the third time the deadline has been extended.

BS READS: What Rs 50,000-crore MSME Fund can learn from its start-up sister

The Rs 50,000-crore MSME fund of funds has an uphill task ahead, but there's plenty it can learn from problems with the Rs 10,000 crore start-up fund of funds launched five years ago

Three Life Insurance Corp unions urge govt not to divest stake in insurer

According to them, LIC today is managing assets in excess of Rs 32 trillion

Finance Ministry invites bids from transaction advisors for LIC IPO

The advisors can submit their bids beginning Friday, till July 13, 2020. The bids would be opened by DIPAM on July 14

Govt extends Bharat Petroleum privatisation bid deadline to July 31

Any private company having a net worth of $ 10 billion is eligible for bidding and consortium of not more than four firms will be allowed to bid

Govt raises Rs 11,500 cr from strategic sale of THDC, NEEPCO to NTPC

With this, the total disinvestment proceeds in the current financial year stand at over Rs 46,500 crore

Govt invites preliminary bids for sale of its entire 52.98% stake in BPCL

Expressions of interest for the strategic sale of BPCL were invited by May 2, the Department of Investment and Public Asset Management (DIPAM) said in the bid document

BPCL sale: Indian Oil maintains interest, may bid on lower offer size

DIPAM has already started the process of appointing advisors for the sale of the entire government stake in BPCL

Budget 2020: 10% GDP growth a conservative estimate, says Atanu Chakraborty

With a conservative lens, these are the numbers that looked plausible, Chakraborty said

We will see a second wave of privatisation in FY21, says Dipam secy

'We are moving towards privatisation after a long time', said Tuhin Kanta Pandey

Privatised CPSEs reported better profit, sales after transition: Eco Survey

The survey, tabled in Parliament on Friday, examined the change in performance for each individual central public sector enterprises (CPSE)

Air India, BPCL, Concor divestments unlikely this fiscal: Govt official

It can be noted that the government has set ambitious targets from the disinvestments in FY20 at Rs 1.05 trillion

RBSA gets second disinvestment deal; named advisor for Shipping Corp

The government has a 63.75 per cent equity stake in the Indian flag carrier, which will be sold along with management control