FinMin likely to issue CPSE Exchange Traded Fund by Dec

FinMin likely to issue CPSE Exchange Traded Fund by Dec

Having zeroed in on fund manager, the Finance Ministry is considering to launch second tranche of Exchange Traded Fund (ETF) comprising stocks of 10 PSUs by the end of December.

Sep 13, 2016, 17:31 PM IST
Tata Steel Q1 loss widens 10-fold to Rs. 3,183 crore, EBITDA up 21%

Tata Steel Q1 loss widens 10-fold to Rs. 3,183 crore, EBITDA up 21%

Tata Steel started off the financial year 2016-17 on a weak note with the consolidated quarterly loss widening 10-fold to Rs. 3,183 crore compared with Rs. 317 crore in same period last fiscal, dented by discontinued operations (include sale of Scunthorpe assets to Greybull Capital).

Sep 13, 2016, 14:58 PM IST
Concor stake sale starts, stock slips below floor price

Concor stake sale starts, stock slips below floor price

The floor price of Rs 1,195 for the offer for sale (OFS) was at a discount of 2.58 percent over yesterday's closing price of Rs 1,226.65 of Concor on BSE.

Mar 09, 2016, 08:52 AM IST

Coal India stake sale: Trade unions up the ante

Major trade unions of Coal India opposed to any government proposal to 10 percent stake sale in the PSU will soon chalk out a strategy to take their protest forward.

Aug 19, 2015, 22:14 PM IST

India's divestment deals on slow burner: DBS

Progress on India's divestment front has been slow in the first four months of this fiscal year, a Singapore-based bank said Wednesday.

Jul 29, 2015, 13:47 PM IST

Power Finance Corp 5% stake on sale

"The floor price of the offer shall be Rs.254 per equity share of Power Finance Corporation (PFC)," the company said in a stock exchange filing.

Jul 26, 2015, 16:21 PM IST

PFC stake sale floor price at Rs 254; disinvestment on Monday

Government is expected to mobilise around Rs 1,676 crore through the divestment.

Jul 25, 2015, 14:30 PM IST

Govt kicks off FY16 divestment; REC share sale gets fully subscribed

The government is looking to raise Rs 1,550 crore from sale of 4.93 crore shares in Rural Electrification Corp (REC) through a one-day OFS route at a floor price of Rs 315 apiece.

Apr 08, 2015, 11:16 AM IST

Govt kicks off FY16 divestment with REC stake sale, floor price at Rs 315 per share

The floor price of Rs 315 a share is at a discount of 2.07 percent over the closing price of Rs 321.65 a share.

Apr 08, 2015, 09:01 AM IST

Coal India stake sale on January 30

The government will sell its 10 percent stake in Coal India on Friday which may fetch the exchequer about Rs 24,000 crore.

Jan 28, 2015, 17:44 PM IST

LIC says ready to buy shares in govt divestment programme

State-run insurance behemoth LIC has invested Rs 45,000 crore in equity markets so far this fiscal and is ready to purchase more shares when government undertakes its divestment programme, Chairman S K Roy said Monday.

Nov 24, 2014, 22:39 PM IST

CERC gives Financial Technologies more time for IEX stake sale

The Central Electricity Regulatory Commission's (CERC) decision came on a plea filed by Financial Technologies (India) Ltd (FTIL) seeking more time to complete the divestment process.

Oct 03, 2014, 12:29 PM IST

'Govt should divest stake in cash-rich PSUs to revive economy'

The new government should divest stake in the top 10 cash-rich PSUs to raise Rs 1 lakh crore and utilise the money to provide the much-needed push to economic growth and tide over revenue shortfall, an industry chamber said today.

May 09, 2014, 17:57 PM IST

Govt may come up with more ETFs after sound response to CPSE

After the encouraging response to CPSE ETF, government is mulling coming up with more such exchange traded funds comprising shares of public sector units as part of its divestment programme.

Apr 04, 2014, 13:50 PM IST

Govt hopeful of achieving revised divestment target

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 .

Mar 14, 2014, 19:48 PM IST

Govt unlikely to meet divestment target, to rely on dividends

The finance ministry has been holding meetings with heads of cash rich bluechip PSUs, including ONGC, Coal India and SAIL, to persuade them to pay higher dividends.

Jan 12, 2014, 15:25 PM IST

Cos can announce abt share-sale via OFS just 1-day in advance

So far the companies had to announced sale of promoters share to meet the guidelines through Offer-for-Sale (OFS) mechanism at least one trading day prior to the date of sale.

May 30, 2013, 18:30 PM IST

Disinvestment dept moves Cabinet for 10% stake sale in IOC

The Department of Disinvestment (DoD) has moved Cabinet for selling 10 percent shares in Indian Oil Corp (IOC), the nation's largest oil firm, to raise over Rs 7,000 crore.

May 27, 2013, 19:15 PM IST

HAL disinvestment likely in second half of fiscal

Government is likely to offload 10 percent stake in defence equipment maker Hindustan Aeronautics (HAL) through an initial public offer in the second half of the current fiscal.

Apr 14, 2013, 12:36 PM IST

DoD tweaking PSU stake sale norms to attract retail investors

The Department of Disinvestment is working on tweaking the Offer For Sale (OFS) mechanism for PSU stake sale by carving out a separate 5 percent category for retail investors.

Apr 07, 2013, 12:47 PM IST