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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.

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 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.

Achieving current fiscal disinvestment target a tough task

Last Updated: Wednesday, December 18, 2013, 12:04

The government's ambitious disinvestment target for 2013-14 was left stranded after few initial PSU stake sales.

Fin Min asks cash-rich PSUs to buy its equity in other govt cos

Last Updated: Wednesday, May 22, 2013, 15:43

The Finance Ministry has asked cash rich PSUs like Coal India, ONGC and Oil India to consider buying government equity in other state-run firms to help achieve Rs 40,000 crore disinvestment target in the current fiscal.

SAIL floor price set at Rs 63/share; govt to raise Rs 1,514 crore

Last Updated: Thursday, March 21, 2013, 17:56

The government on Thursday decided to sell 5.82 percent stake in SAIL at a minimum price of Rs 63 apiece, a 1.41 percent discount to closing price, to raise Rs 1,514 crore.

Govt gets Rs 620 cr from Nalco share sale

Last Updated: Friday, March 15, 2013, 16:26

Nalco public offer was fully subscribed before the close of market hours Friday, guaranteeing at least Rs 515 crore to the government from the stake sale.

Nalco stake sale: Floor price fixed at Rs 40/share; 10% discount given

Last Updated: Thursday, March 14, 2013, 18:37

The base price of Rs 40 a share for National Aluminium Company of India (Nalco) is at a discount of 9.61 percent over Thursday's closing price of company's shares at Rs 44.25 on the BSE.

Nalco stake sale on Friday; Govt to raise around Rs 1,400 crore

Last Updated: Wednesday, March 13, 2013, 18:42

The Finance Ministry on Wednesday said the government's 12.5 percent stake sale offer in Nalco will hit the markets on March 15, which could mop up around Rs 1,400 crore to the exchequer.

EGoM defers MMTC stake sale on valuation concerns

Last Updated: Tuesday, March 12, 2013, 14:00

An inter-ministerial panel on Tuesday deferred government's 9.33 percent stake sale in the state- owned trading company MMTC on concerns over valuation of the company's equity.

Disinvestment target may be raised to Rs 40,000 cr in FY'14

Last Updated: Wednesday, February 13, 2013, 17:36

Encouraged by response of foreign investors to PSU stake sale, the government is proposing to raise the disinvestment target to Rs 40,000 crore in the next financial year by selling equity in 20 companies.

Disinvestment target may be raised to Rs 40,000 cr in FY'14

Last Updated: Wednesday, February 13, 2013, 17:36

Encouraged by response of foreign investors to PSU stake sale, the government is proposing to raise the disinvestment target to Rs 40,000 crore in the next financial year by selling equity in 20 companies.