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Govt not likely to dilute SUUTI stake in listed companies in current fiscal

Rejecting need to dilute stake in private companies through SUUTI route, government has said that it is certain to meet its disinvestment target for the current fiscal through offloading minority interests and strategic sale of state-owned companies.

Govt sets FY17 disinvestment target at Rs 56,500 crore

The government aims to collect Rs 56,500 crore through disinvestment in PSUs in the next fiscal, as per the Budget for 2016-17.

'Difficult job ahead, no magic wand to push growth'

'Difficult job ahead, no magic wand to push growth'

The government will have to go through a "very difficult process" of pushing reforms and projects to propel India to a high-growth path as it will not happen through some magic wand, Chief Economic Advisor Arvind Subramanian said today.

EIL share sale oversubscribed 2.54 times, govt nets Rs 640 crore

EIL share sale oversubscribed 2.54 times, govt nets Rs 640 crore

Government on Friday raised Rs 640 crore through 10 percent stake sale in Engineers India Ltd (EIL) with its offer for sale getting oversubscribed by an impressive 2.54 times.

Cabinet approves 10% divestment in Coal India

Cabinet approves 10% divestment in Coal India

 The Union Cabinet on Wednesday approved 10 percent stake sale in Coal India that could fetch up to Rs 20,000 crore to the exchequer.

Listed PSUs should interact regularly with investors: DoD

Listed PSUs should interact regularly with investors: DoD

Taking a leaf out of private firms, the Department of Disinvestment (DoD) wants listed PSUs to be more proactive in investor contact and keep them updated on company plans so as to facilitate a share sale on short notice to capture market highs.

LIC big market player, not only to bailout divestment: FM Jaitley

LIC big market player, not only to bailout divestment: FM Jaitley

Confident of meeting the "ambitious" disinvestment target of Rs 69,000 crore this fiscal, Finance Minister Arun Jaitley on Monday said the government has moved fast so far and all routes are open on this front, including strategic sale of hotels.

 

PFC stake sale over-subscribed; Govt nets Rs 1,600 crore

PFC stake sale over-subscribed; Govt nets Rs 1,600 crore

With the successful sale of 6.60 crore shares in Power Finance Corp (PFC) through a one-day OFS route at a floor price of Rs 254 apiece, the government would get over Rs 1,600 crore.

'Disinvestment target of Rs 69,500 crore looks daunting'

Downturn in the stock markets on fears of a deficient monsoon and the impending hike in interest rates in the US will make it difficult for the government to meet its ambitious disinvestment target of Rs 69,500 crore for the current fiscal.

No plan to divest stake in BSNL, Air India: Govt

Government on Friday said it has no plan to divest its stake in ailing state-run telecom firm BSNL and national carrier Air India, which have been incurring huge losses.

Sebi proposes e-IPO norms; fast-track divestment by PSUs

Under the new norms, Sebi has proposed to drastically cut the timeline for listing of shares within 2-3 days of the IPO, as against 12 days currently.

CCEA may approve Coal India disinvestment today

The Cabinet Committee on Economic Affairs (CCEA) is likely to approve disinvestment of Coal India Ltd Wednesday which may fetch the exchequer Rs 22,000 crore.

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

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.

Govt misses disinvestment target for fourth consecutive year

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.

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

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.

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

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 for FY'14 not less than Rs 30K crore: FM

The government is likely to fix disinvestment target for the next fiscal at not less than Rs 30,000 crore, the target for the current fiscal, Finance Minister P Chidambaram said on Tuesday.

Disinvestment has fetched Rs 932 crore so far in FY'13: FM

The government has raised Rs 932 crore through disinvestment in PSUs during the current fiscal and is working towards achieving the Rs 30,000 crore target set for the year, Parliament was informed on Thursday.

Confident of meeting FY'13 disinvestment target: DEA Secy

Although it has not been able to sell stake in any PSU so far this fiscal, the government will be able to meet the Rs 30,000 crore disinvestment target set for 2012-13, an official said on Thursday.

DoD invites bids from advisors for launching ETF for PSUs

The Department of Disinvestment (DoD) has invited bids from internationally-reputed advisors for setting up an Exchange Traded Fund (ETF) for selling shares of PSUs to meet the disinvestment target of Rs 30,000 crore for this fiscal.