Page 2 - Divestment

Centre garners Rs 471 crore from stake sale in Paradeep Phosphates

The sale would help Centre to inch towards its Rs 65,000 crore divestment target for financial year 2022-23

How close is the govt to its divestment target for FY23?

After missing disinvestment target for three years, will the govt be able to nail it this financial year? How are things progressing for the Centre's divestment and privatisation plans? Let's find out

TMS Ep181: Divestment target, food security, market strategy, downtrading

How close is the govt to its divestment target for FY23? Do Thomas Malthus's words still hold water? Should you buy in the dip or sell when the markets rally? What is downtrading? All answers here

Coal India Ltd to divest 25% stake in BCCL; plans subsequent listing

Stating that the company's board had given only "in principle" approval to the proposal, CIL said that only after getting further clearance from the government, subsequent action would be initiated

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

TMS Ep174: Divestment, shrinkflation, Sanjiv Bajaj, total fertility rate

Will divestment slow down after LIC's weak debut? How is 'shrinkflation' helping FMCG majors? What are Sanjiv Bajaj's ideas on financial sector reforms? What is the total fertility rate? Answers here

Holcim to use proceeds from India sale for lower carbon acquisitions

Over the last 15 months Holcim has spent 5 billion Swiss francs ($4.99 billion) on a string of companies outside the cement market as it pivots towards building products like roofing and mortars.

Varroc Engg to divest lighting biz in Americas and Europe to French firm

It has signed a Euro 600 million transaction with Compagnie Plastic Omnium

Varroc zooms 20% on divestment plan of 4W lighting biz in US and Europe

The company believes that the divestment is part of company's strategy to align its resources with the high value and high growth primary markets in China, India, and two-wheeler sector globally.

India slashes its expected proceeds from LIC IPO to over Rs 21,000 crore

The initial public offering (IPO) of the state-owned insurer is a billion dollars short of its projection last week, and a third of the more than $8 billion it initially planned to raise in February

Govt may revisit BPCL privatisation, including revising the terms of sale

The transition towards green and renewable fuel has made privatisation difficult in existing terms: Official

HDFC Ltd divests 1% stake in Ansal Housing for nearly Rs 49 lakh

Housing finance major HDFC Ltd on Tuesday divested 1 per cent stake in real estate company Ansal Housing & Construction Ltd through an open market transaction. According to bulk deal data available with the NSE, Housing Development Finance Corporation Ltd (HDFC) sold a total of 5,74,726 shares, amounting to 0.96 per cent stake of Ansal Housing Ltd. The shares were offloaded at an average price of Rs 8.47 apiece, valuing the transaction at Rs 48.67 lakh. The scrip of Ansal Housing closed 2.53 per cent lower at Rs 7.70 apiece on the NSE.

Govt may review timing of LIC IPO amid Ukraine crisis: FM Sitharaman

'If global considerations warrant that I need to look at it (LIC IPO), I wouldn't mind looking at it again,' says FM

Banks and railways privatisation will take away 500,000 jobs: Varun Gandhi

For the last several months, Varun Gandhi, BJP MP from Uttar Pradesh's Pilbhit has been expressing views on various issues that are not in line with his party's official stand

LIC's looming mega IPO weighs on other insurers' stocks, say investors

The flotation, potentially raising $8 billion, likely will continue to drag on LIC's competitors for about a year and could spread to other sectors: Analysts

LIC policyholders must update PAN details by Feb 28 to participate in IPO

The initial public offering (IPO) of over 31.6 crore shares or 5 per cent government stake is likely to hit the market in March

Ahead of mega IPO, TN CM Stalin asks Centre to rollback LIC divestment

An ideal government builds institutions instead of involving itself in a selling spree. I urge the Union government to rollback this ill-thought-out decision and save LIC India: Stalin

DIPAM's internal estimates had pegged FY23 divestment target at Rs 1.2 trn

Target rationalised to for better accounting, avoiding market distortion

Budget 2022: Slashed asset sale target raises questions about LIC IPO

'We should not conjecture on size of LIC IPO as valuation still underway,' says DIPAM Secretary

Farm-loan waiver, tax cuts, fiscal prudence: Expectations from Budget 2022

With five state elections in the coming months - Uttar Pradesh and Punjab being the major ones - some populist measures are also not ruled out, analysts said.