Page 8 - Disinvestment

Govt exits Tata Communications, sells 26% stake for Rs 8,846 crore

The government has exited Tata Communications Ltd (TCL) by selling about 26 per cent stake in the company for about Rs 8,846 crore as part of the disinvestment plan.

GAIL set to kick off asset monetisation in oil sector by end of 2021-22

InvIT to be floated by the end of next fiscal year

Land monetisation lessons: Canadian firm could be model for unlocking land

In the Union Budget, Finance Min­i­s­ter Nirmala Sitharaman had outlined the government's intent to monetise surp­lus public lands by way of direct sales, concessions or other means

Tata Comm OFS: Bids placed for 56 mn shares against 46 mn on the block

The government owns a 26 per cent stake in Tata Communications

Success of Railways' asset monetisation plan can offer template for others

Critical contractual changes may help the long delayed plan to redevelop New Delhi Railway Station finally get off the ground and offer a template for similar projects

AAI to offload residual stake in Bangalore and Hyderabad airports

Sale of 13% stake in each may fetch Rs 3,000 crore

Asset monetisation target for states may be set at Rs 3 trillion

Central ministries given a target to monetise assets worth Rs 2.5 trn over 3 years

Govt to sell 16.12% stake in Tata Comm through OFS, rest to Tata Sons arm

The government will sell its entire stake in Tata Communications through an offer for sale and the rest to Tata Son's investment arm Panatone Finvest Ltd, according to a regulatory filing

Best of BS Opinion: Climate-resilient grains, bank privatisation, and more

Here's a selection of Business Standard opinion pieces for the day

Bank privatisation as an experiment

The government must test the efficacy of privatising two banks first before going the whole hog

Best of BS Opinion: Monetisation lessons from NHAI, recovery risks & more

Here's a selection of Business Standard opinion pieces for the day

Monetisation lessons from NHAI

Its recent experience offers crucial insights into what makes an asset monetisation exercise successful

Reservations about quotas

They can be self-defeating in the new economic paradigm

Disinvestment: Govt addresses CPSE stakeholders' concerns, says FM

The government addresses legitimate concerns of employees and other stakeholders of CPSEs through appropriate provisions in the share purchase agreements with bidders at the time of disinvestment, Finance Minister Nirmala Sitharaman said on Monday. On January 27, the Cabinet Committee of Economic Affairs (CCEA) gave 'in-principle' approval for 100 per cent disinvestment of the government's stake in Rashtriya Ispat Nigam Ltd (RINL), also called Visakhapatnam Steel Plant or Vizag Steel. This will be along with RINL's stake in its subsidiaries/ joint ventures through strategic disinvestment by way of privatisation. Sitharaman said strategic disinvestment of the government's equity will lead to infusion of capital for optimum utilisation, expansion of capacity, infusion of technology and better management practices. This will result in higher production and productivity and expansion of direct and indirect employment opportunities. "While deciding the terms and conditions of the strateg

BEML surges 13% as report suggests Tata, Mahindra eyeing stake in firm

The board approved the appointment of M/s Deloitte Haskins & Sells LPP, as Consultant for advising, undertaking and implementing demerger of non-core assets of BEML

Shipping Corp surges 19% as govt gets multiple bids for privatisation

DIPAM, in December, had invited EoI for strategic disinvestment of its entire stake of 63.75 per cent in Shipping Corp of India

A change in direction

After years of disappointing growth, the economy and the markets are poised for a breakout

LIVE: No offline exams in Delhi for students up to class 8 for 2020-21

President Ram Nath Kovind inaugurated Narendra Modi Stadium, the world's largest cricket stadium, at Motera in Ahmedabad today. Stay tuned for Latest LIVE news

'Monetise & modernise' is our motto: PM Modi on disinvestment

Modi reiterated the government's commitment towards privatisation of PSUs and asset monetisation

Kolkata Port sails on asset monetisation, intends to expand portfolio

India's oldest port has been leasing its vast land bank for decades. With the Budget announcing plans to monetise public assets, it intends to expand its portfolio and extend to non-land assets, too