Page 13 - Disinvestment

Budgetary over-reach: There is a price for trying to do too much in Budgets

The larger economy suffers more than the central govt, as New Delhi is allowed to get away with behaving arbitrarily and then hiding the reality behind bogus numbers, writes T N Ninan

Centre plans to raise Rs 10,000 cr from CPSE ETF's seventh tranche: Report

Sources privy to the development said the offer will have a base issue size of Rs 10,000 crore. Besides, there will be a green-shoe option.

Govt eyeing asset monetisation to make up for the disinvestment gap

Disinvestment in blue chip Bharat Petroleum Corporation (BPCL) is in all surety not happening this year, as also Air India sale

A flawed strategy

Asset sales for raising Rs 1 trillion is a mirage

Budget 2020: Govt turns to asset monetisation as divestment target eludes

Hope rises for monetisation of Rs 1 trillion worth of assets by March 31

Bridge and Roof Company to ask Centre to stop disinvestment plans

At the time when the divestment was announced, the company had an order book of Rs 4127.07 crore and a top line of Rs 1751.33 crore

Cabinet approves strategic sale of Neelachal Ispat; auction likely in FY21

It is learnt that this strategic sale could be completed only after March 31, and hence, will be part of the 2020-21 divestment pipeline

BPCL, Air India, Concor divestments unlikely by March-end: Govt official

Govt has so far raised Rs 17,364 crore through stake sale against Rs 1.05 trillion target

Top headlines: Tata-Mistry fight goes to SC, PMI at 7-mth high, and more

From Tata-Mistry fight to December PMI, read today's top headlines here

Fiscal deficit may slip to 3.5-3.8% in FY20; govt set to miss 3.3% target

The FRBM Act, after its amendment in 2018, allows a fiscal deficit slippage of not more than 0.5% for any given year, provided there are justifications

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

RBSA Advisors, Deloitte transaction advisors in NEEPCO, THDCIL stake sale

The government plans to complete the two sale deals before March 2020 in order to meet its Rs 1,05,000-crore disinvestment target

Privatisation to the rescue: But will it work? Here's how it can be made to

The Modi govt is strong enough to override the resistance that has come from some quarters, but it should be mindful of reputation risks in decisions on complex financial questions, writes T N Ninan

BPCL stake sale: Deloitte quotes Re 1 as its disinvestment advisory fee

The government has set a 50-day timeline for asset valuation to happen in BPCL, as it wants to complete the process before March 31, 2020

Air India will have to shut shop if privatisation flops: Minister Puri

Government is considering a plan to exclude more than half of Air India's $11 billion of debt in the government's latest attempt to lure investors to the struggling carrier, said sources

BPCL conundrum: Govt sure of good returns, but says it's race against time

Govt officials and industry experts confident that the Centre's stake in BPCL can be sold at a premium of 20-30%

In biggest privatisation drive, govt to sell stake in BPCL, 4 other CPSEs

The management control will continue to be retained with the government after considering equity held by other state-run companies in the divested firm

Cabinet approves strategic sale of govt stake in BPCL, 4 other CPSEs

Govt's strategic divestment of BPCL will exclude Numaligarh Refinery; management control to be transferred to strategic buyer

Pawan Hans, 27 other CPSEs get strategic divestment approval: Anurag Thakur

The budget target for disinvestment during 2019-20 has been set at Rs 1,05,000 crore and the government has so far raised Rs 17,364.26 crore

Govt to wrap up sale of Air India, BPCL by March 2020: Nirmala Sitharaman

The finance minister stated the strategic disinvestment of the two state-run companies is critical for the government to meet its disinvestment target of Rs 1 trillion for the current fiscal year