Page 3 - Disinvestment

Neelachal Ispat Nigam ownership handed over to Tata group-owned TSLP

NINL is a joint venture of four CPSEs, namely MMTC, NMDC, BHEL, MECON and two Odisha Government PSUs, namely OMC and IPICOL

Centre gets multiple bids for privatisation of Ferro Scrap Nigam Ltd

The eligibility criterion for bidders included a mandatory net worth of at least Rs 150 crore and a PAT in at least two of the immediately preceding five financial years

Calcutta HC upholds state govt's Metro Dairy stake sale to Keventer

Court dismisses plea alleging opacity in deal, rejects call for CBI probe

The LIC way or the Air India way: A tale of two suboptimal paths

One path waits for the company to go bankrupt while the other continues to subject it to government whim, writes T N Ninan

Cabinet empowers PSU boards to recommend stake sale, close subsidiaries

At present, PSU boards have the authority to make equity investments, undertake mergers and acquisitions subject to certain ceilings of net-worth

Will govt's divestment enter slow lane after LIC's weak debut?

LIC started its journey at secondary markets on a weak note. While analysts are unperturbed with the stock performance, take a dive into what LIC's weak debut means for this year's divestment target

Centre set to put Pawan Hans sale on hold over winning bidder concerns

This is the second instance where a disinvestment exercise has been put on hold after completion of the process due to allegations against the reputation of the winning bidder

Govt to invite bids for SCI sale by Sept; hive off Shipping House: Report

The government is likely to invite financial bids for Shipping Corporation of India by September, after the process of demerger of non-core assets is completed, an official said.

Strategic support

Sebi's proposal will help disinvestment

Sebi mulls easing 'open offer' pricing formula for PSU disinvestment

Pricing formula to discover open offer price may be eased

No plan under consideration for BSNL's disinvestment: Govt tells Parliament

The current strength of employees is sufficient for the operation of the state-owned telecom corporation, Chauhan said

IDBI Bank privatisation: Govt holding roadshows to gauge investor interest

The Cabinet Committee on Economic Affairs had in May last year given in-principle approval for strategic disinvestment and transfer of management control in IDBI Bank

LIC IPO: Too 'precious' to lower face value of India's crown jewel

LIC management can decide on stock split after listing

The burden of govt equity in PSUs

The Modi govt has outdone the Manmohan Singh regime in ramping up infrastructure outlay for state-controlled units

IPO going to be very positive development in LIC history, says Sitharaman

Moving one step closer to initial public offering (IPO), LIC on Sunday filed draft papers with the market regulator Securities and Exchange Board of India (SEBI)

LIC IPO: Global market sell-off raises stakes for India's biggest listing

Landing the listing, which is slated for next month, will test India's capital markets at a time when about $5 trillion has been wiped out from global equities

Centre likely to miss divestment target again as BPCL remains unsold

The Centre expects to mop up nearly Rs 1 trillion from LIC's IPO

You started privatisation in 1991: Sitharaman to Cong in Rajya Sabha

Congress initiated the privatisation process in 1991 and disinvestment of worth over Rs one lakh crore was made in 1991 and the following years, she said

FY23 divestment target more realistic, not underestimation: Sitharaman

Union Finance Minister Nirmala Sitharaman on Sunday said the disinvestment target set for FY23 is more realistic and she wants to achieve it, and it is not an underestimation.

Budget 2022: Divestment target for FY23 set at a modest Rs 65,000 crore

FY22 divestment mop up revised to Rs 78,000 crore from Rs 1.75 trillion pegged earlier