Page 4 - Divestment

A bold move

Policy on strategic disinvestment is a huge break from the past

Telecom giant Bharti Airtel divests stake in Seynse Technologies

Telecom operator Bharti Airtel has divested its stake in Seynse Technologies, according to a regulatory filing

Decks may soon be cleared for Container Corporation privatisation

The policy will provide clarity on lease rates the new buyer of the company will have to pay

BEML, RCF: Divestment may trigger a breakout in PSU stocks, charts show

If the Nifty PSE Index sustains above 2,800 levels on the closing basis, it may see a rally towards 3,100 levels

Govt to divest 26% stake in BEML; EoI submission open till March 1

The sale could fetch the government Rs 1,055 crore, according to the company's share closing price on Friday

Missing the mark: How will govt achieve divestment target for FY21

Among strategic sales, the government is already working on plans to divest Bharat Petroleum, Container Corporation, BEML, and Shipping Corporation

Panel approves bidding plan for Shipping Corporation privatisation

During the current fiscal year, the government has received Rs 12,380 crore in divestment receipts against the government's target of Rs 2.1 trillion

BPCL disinvestment gets going with multiple EOIs, Reliance stays away

Aramco also not in fray; actual number bids not revealed but sources say three of four have been received

SBI board clears divestment of over 8.5% stake in UTI Trustee Company

The divestment, it said, has been approved to comply with Regulation 7B of the Securities and Exchange Board of lndia (Mutual Funds) (Amendment) Regulation, 2018

BPCL, HPCL, IOC: Here's how to trade oil-marketing companies' stocks

BPCL, HPCL, and IOC have corrected up to 22 per cent since their highs of July.

Divesting majority stake credit negative for PSBs leaning on govt: Icra

Their credit ratings have been primarily supported by their sovereign ownership and their stable deposit base, which again is a function of their ownership

Divestment news attracts investors to govt companies; PSU stocks gain

Half a dozen PSU stocks have gained over 15% each

HAL, IRCTC decline up to 4% on report govt mulls stake sale via OFS

According to media reports, the government is looking to sell 5% stake in HAL, while quantum of stake sale for IRCTC will be decided later

IDBI Bank inks pact to divest 27% stake in insurance JV for Rs 595 cr

Currently, LIC-promoted IDBI Bank holds 48 per cent in IFLIC, while Federal Bank and Ageas hold 26 per cent each

BPCL tumbles over 6% on report it's divestment may not happen in FY21

On July 29, the government had for the third time extended the deadline for bidding for privatisation of India's second-biggest oil refiner Bharat Petroleum Corp Ltd by two months to September 30

BPCL stock gains ground as govt's divestment process gathers steam

The divestment of BPCL, leading to value unlocking for investors, remains the larger trigger for the stock

Govt extends deadline to submit bids for Air India sale till April 30

In January, the government restarted the divestment process of Air India and invited bids for selling 100 per cent of its equity in the state-owned airline

Power Ministry flags concerns over divesting govt stake in NTPC, PowerGrid

Presently, the govt owns 54.14% in NTPC, 54.96% in PowerGrid and 55.99% in PFC.

Granules India divests entire stake in JV Biocause Pharmaceutical

Shares of Granules India Ltd were trading at Rs 146 a piece on BSE

Money raised through disinvestment will be used to develop infra: FM

The government set an ambitious disinvestment target of Rs 2.10 trillion for the next financial year, which includes selling stake in BPCL and LIC