Page 12 - Disinvestment

BPCL disinvestment: Next significant capex after new investor steps in

BPCL is in the process of buying land from Hindustan Organic Chemicals to set up the planned facilities

6-7% LIC stake dilution enough to mop up Rs 90,000 cr: CEA Subramanian

As per Budget 2020, out of the Rs 2.1 trillion target, Rs 1.2 trillion is expected to come from IPOs, strategic stake sales, and buybacks

Looking to unlock value in IDBI Bank ahead of IPO, says LIC Chairman

Presenting the Budget, Finance Minister Nirmala Sithraman had said the government would sell a part of its 100 percent holding in LIC through an IPO in the next fiscal year

LIC disinvestment: 100,000 employees stage walk-out across country

There are 13 unions in LIC, and employees and officers affiliated to 11 unions were on protest

Call disinvestment 'recycling' for better optics: Industry executive to FM

"Even my father keeps asking me why government companies are being sold," the executive quipped

Govt on a 'sell India' mission, hiding real picture of economy: TMC MP

The government is selling PSUs along with LIC, which are properties of the people and steps are being taken without inviting any suggestions from policy makers and employees unions, the MP said

Towards transparency

Disclosure of extra-budgetary borrowings is a prudent move

Why buyers of Air India, BPCL may not get free hand to shed excess staff

The government will build in certain protection to employees in the share sale agreement, DIPAM Secretary Tuhin Kanta Pandey said

BSNL, MTNL employees taking VRS need to wait till April for dues

This is because the Union Budget does not have provision for any expenditure towards the programme in the current fiscal year

LIC listing may take about a year, says Finance Secretary Rajiv Kumar

Kumar said the idea behind the listing of LIC was to "bring in more transparency and allow the company to share gains with its stakeholders"

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

Budget 2020: Road to bourses for LIC is not going to be an easy one

Amendment to the Act, sovereign guarantees, investment portfolio, realty holdings, and governance issues to shape valuation

Disinvestment dynamics

Listing LIC will be a big challenge for the govt

Divestment to help both LIC and government, says Jayant Sinha

Sinha praised Sitharaman saying she addressed the economic situation, fiscal deficit and macro-economics very well

LIC IPO, IDBI stake sale to lead govt's Rs 2.1-trn sell-off drive in FY21

Next year's target is the highest ever

Budget 2020: Govt plans to sell stake in LIC, sets new disinvestment target

Paring its stake in the insurance giant will help the government meet its divestment target, which has been increased to Rs 2.1 trillion in financial year 2021

Budget 2020: Govt pegs disinvestment target for FY21 at Rs 1.20 trillion

Sitharaman in her Budget Speech also proposed listing of LIC on the stock exchanges through an initial public offer

Govt to list LIC as part of its disinvestment initiative: Sitharaman

She further said that the listing brings in more financial discipline among the entities

Wealth creation to Thalinomics: All you must know about Economic Survey '20

The overarching theme of the Economic Survey 2019-20 is creation of wealth over time and the implementation of policies that act as enablers in creation of this wealth

Govt announces plan to sell entire stake in Air India, sets terms for sale

March 17 is deadline for submissions of initial expressions of interest; any bidder would have to agree to assume roughly $3.26 billion in debt.