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FinMin to hire external monitors to oversee disinvestment

Last Updated: Monday, March 24, 2014, 20:58

In order to ensure transparency in the disinvestment process, Finance Ministry has decided to appoint retired bureaucrats and prominent private sector executives as independent monitors to oversee working of merchant bankers and others associated with PSU stake sale.

CPSE ETF to reopen for investors next month

Last Updated: Sunday, March 23, 2014, 12:23

An ETF is a security that tracks an index, a commodity or a basket of assets like an index fund, but trades like a stock on an exchange.

Govt gets Rs 4,000 cr from ETF, exceeds disinvestment target

Last Updated: Friday, March 21, 2014, 19:42

The government's first attempt to mop up disinvestment proceeds through the mutual fund route met with encouraging response as the CPSE Exchange Traded Fund (ETF) garnered cumulative bids worth Rs 4,000 crore from investors, including FIIs.

CPSE ETF draws Rs 850 cr bids from anchor investors on 1st day

Last Updated: Tuesday, March 18, 2014, 21:29

Anchor investors put in bids worth about Rs 850 crore in the CPSE Exchange Traded Fund (ETF) that was launched Tuesday to help the government meet its disinvestment target.

FinMin looking at Coal India disinvestment next fiscal

Last Updated: Tuesday, March 18, 2014, 19:39

The Finance Ministry is looking at selling a stake in Coal India in the next financial year beginning April 1 to help the government meet its disinvestment target of Rs 36,925 crore.

ETF of 10 PSUs on Tue; to help govt meet disinvestment target

Last Updated: Sunday, March 16, 2014, 12:41

The Exchange Traded Fund (ETF) is likely to garner around Rs 3,000 crore - which will accrue to the exchequer - through a new fund offer.

Govt hopeful of achieving revised divestment target

Last Updated: Friday, March 14, 2014, 19:48

The government is hopeful of achieving its revised target of Rs 16,000 crore from disinvestment during the curent fiscal, a top government official said here on Friday .

Oil India board approves Indian Oil stake purchase

Last Updated: Tuesday, February 25, 2014, 19:16

The board of state-owned Oil India Ltd (OIL) has approved the acquisition of a 5 percent stake in Indian Oil Corp (IOC) from the government at a discount to the market price.

Govt misses disinvestment target for fourth consecutive year

Last Updated: Tuesday, February 18, 2014, 15:01

In 2010-11 and 2011-12 fiscals, the government had raised Rs 22,144 crore and Rs 13,894 crore through disinvestment, against the budgeted target of Rs 40,000 crore in each year.

Govt cuts disinvestment target to Rs 16,027 cr for FY'14

Last Updated: Monday, February 17, 2014, 13:48

The government on Monday cut its disinvestment target by more than half to Rs 16,027 crore for the current financial year and pegged the proceeds at Rs 36,925 crore for 2014-15.

ONGC, OIL likely to buy stake in IOC at 10% discount

Last Updated: Thursday, February 13, 2014, 18:33

Government is likely to sell its 10 percent stake in Indian Oil Corporation (IOC) through an off-market deal to state-owned ONGC and OIL at a discount of 10 percent over the current market price.

EGoM clears 10% stake sale in Engineers India via FPO

Last Updated: Thursday, January 30, 2014, 23:36

The government holds 80.4 percent in the 'miniratna' public sector undertaking.