The Union Cabinet, chaired by Prime Minister Narendra Modi, last week gave 'in-principle' approval for sale of shares which are part of 'enemy property'
To kickstart the merger and acquisition process, authorities will soon invite bids from merchant bankers and legal firms to handle consolidation
Disinvestment target of 2018-19 is likely to fall short of Rs 800-billion
In the current fiscal, the government has set a disinvestment target of Rs 800 billion, which includes strategic and minority stake sale in CPSEs
IPOs have accounted for the bulk of the disinvestment proceeds this year
Buybacks are hardly the way to exceed targets
If not for the two, proceeds would have been slim
Pawan Hans is a joint venture where state-owned ONGC holds 49 per cent
Cabinet Committee on Economic Affairs gives nod to stake sale
BMS threatens to protest outside the minister's home if govt sells off New Delhi's Hotel Janpath
In 2016, the govt focused on doing the spade work for the strategic sale of nearly 200 PSUs
Proceeds so far for April-September are already at 37 per cent of the combined target and 58 per cent of the minority stake sale and buyback target.
Some overseas investors refuse to be part of roadshows, citing environment risks
Disinvestment is supposed to result in improved management of public sector enterprises and incidentally, raise revenues. However, the revenue motive has dominated, to the exclusion of all else
NITI Aayog and the department of investment & public asset management started discussions in March to identify companies where the government could divest
Statement comes in the backdrop of a derail in the goverment's disinvestment target of Rs 69,500 crore PSU stake sale programme