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Thursday, May 31, 2012

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Divestment

SC gives go-ahead to divestment in UP sugar mills

The Supreme Court on Friday gave the go-ahead to disinvestment in 11 sugar mills owned by the UP gov...

Opposition to Nalco divestment grows as CM, BJP threaten stir

Orissa Chief Minister Naveen Patnaik today strongly opposed the Centre`s move to offload 10 per ce...

Board recommends revival of 7 CPSEs through divestment or JV

The Board for Reconstruction of Public Sector Enterprises has recommended revival of seven sick ce...

Mitra takes over as Revenue Secretary

After implementing the UPA government`s disinvestment plans for the past six months, Sunil Mitra tod...

NTPC expects to attract up to Rs 6,000cr from global investors

In a remarkable response from international roadshow, state-run NTPC today said it is hoping a subsc...

NTPC builds Rs 2.25 lakh cr warchest to become 75k MW firm

India`s largest power company NTPC plans to invest a massive Rs 2,25,000 crore in the next seven yea...

Govt shortlists Citi, Kotak among six to advice on NMDC sell-off

Six leading bankers, including Citigroup and Kotak Mahindra, are learnt to have been shortlisted for...

Government to divest 10 percent in Coal India: Chairman

The federal government will divest 10 percent equity in the state-run Coal India next fiscal, hoping...

Govt to disinvest 8.38 percent in NMDC

The government will sell its 8.38 percent stake in NMDC by March 31, 2010, the Navratna mineral comp...

NMDC aims to raise $4.9 bn through share sale

The government is hoping to raise over Rs.230 billion ($4.9 billion) from the sale of a stake in iro...

Divestment money to be used for capital expenditure

The central government will use the proceeds from divestment of public sector undertakings in capita...

Hindustan Copper to offload 10 percent equity

Hindustan Copper has decided to come out with a follow-on public offer (FPO) to offload 10 percent o...

Rangarajan calls for divestment roadmap

The Prime Minister`s Economic Advisory Council (PMEAC) Chairman C Rangarajan on Wednesday said the g...

Divestment Dept, SCOPE differ on flurry of PSU IPOs

The Disinvestment Department and SCOPE, the public sector enterprises apex body, have different take...

CIL may soon appoint merchant banker to advise on divestment

The country`s largest coal miner, Coal India Ltd (CIL), is likely to appoint a merchant banker so...

Govt clears REC divestment; FPO likely this fiscal

The government on Thursday cleared 20 per cent follow-on offer of Rural Electrification Corporation...

SAIL`s divestment plans gets approval from FinMin

State-owned SAIL on Friday said the finance ministry has given its in-principle approval for 20 pe...

NTPC stake sale to boost market sentiment: Analysts

The government`s nod for stake sale in state-run power utilities - NTPC and Satluj Jal Vidyut Nigam ...

MMTC sell-off possible only in next fiscal

The Disinvestment Department is working on a proposal to seek Cabinet approval for sale of governmen...

Centre`s policy is to strengthen PSUs: Pranab

Describing reports that government was trying to privatise the public sector as a "malicious propaga...

It`s best time now for divestment: PRIME Database

Primary market tracking firm Prime Database has said it is the best time for the government to div...

Shipping Ministry favours divestment in Cochin Shipyard

The Shipping Ministry supports the Department of Economic Affairs` move to divest government equit...

CIL divestment: Coal Min turns to Finance, Law Ministries

The Coal Ministry has approached the Department of Disinvestment for determining the value of Coal I...

BSNL may go for listing, to shelve divestment plan

Fearing opposition by employee unions, the government is considering to list telecom major BSNL on b...

NTPC FPO next fiscal, govt to divest 10 percent

With improvement in the stock market, the government is looking at divesting another 10 percent stak...

First divestment of UPA; NHPC IPO price fixed at Rs 36

The govt has fixed a price of Rs 36 a share for the allotment of shares in the IPO of NHPC, thus ra...

Govt looking at listing BSNL, TCIL

The government on Tuesday said it is looking at listing BSNL and Telecommunications Consultants Indi...

BSNL workers to oppose disinvestment

Workers of telecom major BSNL today said they would observe "Anti-Disinvestment Day" on July 22 ag...

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