Department of Disinvestment

Department of Disinvestment News

26 Apr 2016

Government to sell 11.36% stake in NHPC, may raise Rs 2,700 crore

In the first disinvestment of current fiscal, the government will on Wednesday sell 11.36 percent equity shares in electricity generator NHPC Ltd at Rs 21.75 apiece to raise about Rs 2,700 crore.

Disinvestment

04 Mar 2016

DIPAM to ensure unlisted PSUs pay dividend or buyback shares

Finance Ministry today said the rechristened Department of Disinvestment will ensure that the unlisted PSUs with huge cash piles either pay special dividend or buyback government shares and gradually move towards listing

Disinvestment

29 Feb 2016

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.

Department of Disinvestment

29 Feb 2016

Disinvestment Dept renamed to Department of Investment and Public Asset Management

Government Monday said PSUs will now have to monetise their idle assets for new investments, while renaming the Department of Disinvestment to Department of Investment and Public Asset Management (DIPAM).

Global volatility

21 Feb 2016

Disinvestment target should not be confined to dates: DoD

Global volatility in capital and currency markets has derailed the Rs 69,500-crore PSU stake sale programme for the year, but the government will go ahead with prudent and timely disinvestments, target for which should not be just confined to dates, a top official has said.

Department of Disinvestment

01 Nov 2015

'Foreign investors more keen on government bonds than PSU stocks'

Facing challenges in meeting the disinvestment target, the Department of Disinvestment believes that foreign investors are showing preference for government bonds over the PSU stocks on offer.

Rs 69

27 Oct 2015

Government blames commodities slump for disinvestment challenges

As challenges emerge in meeting the mammoth Rs 69,500-crore disinvestment target for this fiscal, the government today put the blame on global commodities slowdown saying many identified PSUs are from this space.

Disinvestment

26 Oct 2015

Department of Disinvestment wants disinvestment target to be scaled down to Rs 30,000 crore

The Department of Disinvestment wants that PSU stake sale target for the current fiscal be more than halved to Rs 30,000 crore in view of volatility in the stock markets.

Department of Disinvestment

25 Oct 2015

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.

Department of Disinvestment

18 Oct 2015

Disinvestment department seeks tax incentives for retail investors

In a bid to broad base retail participation in stock markets the Department of Disinvestment (DoD) has suggested tax incentives for small investors to invest in the equity market.

Disinvestment

23 Aug 2015

Indian Oil stake sale Monday; govt eyes best 'first half' disinvesment kitty in 7 years

Looking to garner Rs 9,300 crore from Indian Oil share sale Monday, the government expects its disinvestment kitty so far this fiscal to swell to Rs 12,600 crore -- making it the best 'first-half' in 7 years.

Department of Disinvestment

29 Jul 2015

DoD says Rs 30,000 cr more realistic target for disinvestment

Asked to garner a massive Rs 69,500 crore this fiscal, the Department of Disinvestment has told Finance Ministry it may be able to raise only about Rs 30,000 crore given the volatile market conditions.

DoD

26 Jul 2015

DoD wants EPFO to invest Rs 6,000 cr, fund commits Rs 1k cr

The Employees Provident Fund Organisation (EPFO) had earlier committed to the Finance Ministry that it will start investing from August 1 in the CPSE ETF, a top official said.

DoD

26 Jul 2015

DoD wants EPFO to invest Rs 6,000 cr, fund commits Rs 1k cr

The Employees Provident Fund Organisation (EPFO) had earlier committed to the Finance Ministry that it will start investing from August 1 in the CPSE ETF, a top official said.

Disinvestment

23 Jul 2015

Govt tapping overseas markets to push PSU stake sale

Facing a daunting Rs 69,500-crore PSU stake sale target, the Disinvestment Department has begun tapping new overseas markets like Australia, Japan and Canada to attract their cash-rich pension and sovereign wealth funds.

Disinvestment

19 Jul 2015

Completion of disinvestment in 10 PSUs to depend on market: Govt

"The market and other related conditions will determine transaction completion time," DoD has told the merchant bankers to their query whether all the transactions would be completed in three years.

PSU

13 Apr 2015

Govt lines up 12 PSUs for stake sale in 2015-16

As per the roadmap, 10 per cent stake each would be diluted in Engineers India Ltd (EIL), NALCO, NMDC and Indian Oil Corporation (IOC).

Department of Disinvestment

08 Mar 2015

DoD wants subsidy roadmap before ONGC disinvestment

The Department of Disinvestment (DoD) wants the government to lay out a roadmap for fuel subsidy sharing before the Rs 14,000 crore stake sale in Oil and Natural Gas Corp (ONGC), a top official said.

retail

01 Feb 2015

Govt to push for more retail participation in disinvestments

"We will meet Sebi to see if the time frame for opening of demat account can be reduced. It will help new retail investors to apply in the upcoming PSU disinvestments," a government official said.

Power Finance Corporation

23 Jan 2015

Govt may sell 5% stake in PFC next week

The government is likely to offload 5 percent of its stake in Power Finance Corporation (PFC) next week which could fetch Rs 1,850 crore to the exchequer.

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Department of Disinvestment News

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