Page 2 - Psu Divestment

PSUs get 3rd lifeline to meet free-float norms, deadline extended by 2 yrs

Regulatory sources say while Sebi is responsible for the implementation of the minimum public shareholding requirement, it is the government which has the powers to set deadlines

Niti making new list of sick PSUs for divestment: Amitabh Kant

The 2017-18 Budget had set the target of disinvestment in public sector units at Rs 725 billion

Divestment activity to continue in March quarter

New Delhi, 13 DecemberWith the Centre aiming to substantially overshoot its original disinvestment target for 2017-18, much activity is planned for the rest of the financial year.It plans to complete two mergers among state-owned companies, three more of Initial Public Offers of equity (IPOs), three Offers for Sale (OFSs) and a second tranche of its Bharat-22 exchange traded fund (ETF).Officials are confident of completing the takeover by Oil and Natural Gas Corporation of Hindustan Petroleum in the next two months. That alone will garner around Rs 30,000 crore for the exchequer. State-owned construction company NBCC bought Hindustan Steelworks Construction earlier this year; it might buy another smaller construction and engineering unit in the state sector, Business Standard has learnt. The candidates are Hindustan Prefab, Engineering Projects India, NPCC and HSCC. It is learnt one of these could be taken over by NBCC this financial year (it ends March 31)."There has been massive ...

Govt may include some profitable PSUs for strategic disinvestment

Niti Aayog has been mandated by the PMO to identify the CPSEs for strategic disinvestment

34 sick PSUs suggested for strategic divestment: Niti Aayog CEO

Govt has budgeted to raise Rs 72,500 cr through stake sale in PSUs in FY18

Tainted companies to be barred from participating in PSU divestment

The govt has set a target of Rs 15k crore to be raised from disinvestment of PSUs in current fiscal