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Department of Investment and Public Asset Management News

07 Dec 2022

IDBI Bank to continue primary dealer business

As part of the primary dealer activity, IDBI Bank is involved in market making activities in respect of G-Secs, including T-bills. IDBI's treasury actively participates in primary auction of government bonds.

Nirmala Sitharaman

10 Jun 2022

‘Disinvestment not for shutting down public firms,’ says FM Sitharaman

She noted that the principle of disinvestment is to make sure that privatised companies are in the right hands. The government has also lined up over half a dozen companies for strategic sale. So far, the government has mopped up over Rs 24,000 crore from CPSE disinvestment.

09 Mar 2022

PM Modi to address global investors on privatisation, asset monetisation today

The event is being organised by the Department of Investment and Public Asset Management (DIPAM), in collaboration with NITI Aayog. The apex level consultative post-Budget webinar will see participation from 22 ministries and senior management from PSEs. Finance Minister will also give her address in the concluding session of the webinar.

27 Feb 2022

Centre extends HLL Lifecare bid submission deadline till March 14

The last date for submitting expression of interest (EoI) was January 31. This was later extended till February 28. HLL is involved in manufacturing and marketing of a range of contraceptives, women's healthcare products, hospital supplies.

20 Nov 2021

Centre puts on sale MTNL, BSNL assets at base price of Rs 970 crore

DIPAM website has listed MTNL assets located in Vasari Hill, Goregaon in Mumbai for sale at a reserve price of around Rs 310 crore. MTNL's 20 flats are located in Oshiwara. The e-auction for MTNL assets will take place on December 14.

18 Jul 2017

Air India net loss reduces to Rs 3,643 crops profit rises in 2016-17

Against the backdrop of the Cabinet Committee on Economic Affairs (CCEA) last month giving its in-principle approval for Air India's strategic disinvestment, Sinha today responded to various queries related to the airline by way of written replies to the Rajya Sabha

22 Oct 2016

PSUs to soon undergo strategic stake sale

After 12-year hiatus, government is set to revive strategic sale of state-owned companies with the Cabinet likely to consider shortly the outright sale of stake in over a dozen PSUs including the profit making ones.

07 Aug 2016

Government's divestment kitty to swell by Rs 16,000 crore

With at least one buy-back announcement from PSUs every month, the government is expected to garner over Rs 16,000 crore in its disinvestment kitty over the next couple of months.

03 Apr 2016

NITI Aayog to submit PSU strategic sale roadmap this month

NITI Aayog will submit a blueprint for divesting government's stake in some PSUs and strategic sale of those that have been sick for a long time by this month.

Department of Investment and Public Asset Management

06 Mar 2016

DIPAM, NITI hold first meeting for selecting PSUs for sale

Setting the ball rolling on strategic sale of state-owned companies, DIPAM and NITI Aayog have started discussions to identify the PSUs that can be sold outright during the next fiscal.

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).

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