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PSU stake sale: Government to prioritize companies for strategic disinvestment on July 5

PSU stake sale: Government to prioritize companies for strategic disinvestment on July 5

An inter-ministerial meeting of secretaries, on July 5, is likely to shortlist the loss-making and sick government companies for stake sale or closure, from the list of  companies NITI Aayog submitted to the Prime Minister's Office in June.

Govt notifies 25% minimum public holding norms for listed PSUs

Paving way for sale of PSU shares worth an estimated Rs 60,000 crore over three years, the government has notified rules for minimum 25 percent public shareholding in listed state-owned firms.

Listed PSUs sell shares worth Rs 2,500 cr to meet Sebi norms

Capital market regulator Securities and Exchange Board of India (Sebi) norms required all state-run companies to have at least 10 per cent public shareholding by August 8.

Govt gets LIC's Rs 2k cr boost in record disinvestment kitty

In the current fiscal, the government has sold shares in eight public sector companies -- NBCC, HCL, NTPC, RCF, Nalco, Oil India, NMDC and SAIL -- as part of its disinvestment programme for the current fiscal ending on March 31.

PSU shares gain in weak market as govt approves buyback

Shares of various public sector companies Thursday defied the weak broader market trend and gained up to 5 percent after the government approved buyback of shares by certain PSUs as part of the divestment programme.