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Govt looks to raise Rs 11,000 crore from listing of insurers

Government plans to divest Rs 11,000 crore worth of stake in PSU general insurance companies to meet the steep disinvestment target of Rs 72,500 crore next fiscal.

Stake sale in HZL not a 'wise move', says Mines Ministry

Stake sale in HZL not a 'wise move', says Mines Ministry

 Mines Ministry has told Finance Ministry that selling government's stake in Vedanta-controlled Hindustan Zinc (HZL) is not a "wise move" as it is the only firm in India controlling production of the metal, considered strategic due to its large scale industrial utility.

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

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

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

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.

Govt hopeful of achieving divestment target; Hind Copper stake sale oversubscribed

Encouraged by the response to the first stake sale in the current financial year, Finance Minister P Chidambaram expressed the hope that government would able to garner the targetted Rs 30,000 crore in 2012-13 through disinvestment.