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Disinvestment News

14 Apr 2022

Centre could privatise 5 companies by 2022; Check firms' names

The Central government had a disinvestment target of Rs 1.75 lakh crore for FY22. The government is likely to disinvest BPCL, RINL and Pawan Hans. The Centre has also received three bids for Pawan Hans.

23 Dec 2021

Centre gets financial bids for privatisation of NINL: DIPAM Secretary

DIPAM had in January this year invited preliminary bids for strategic sale of NINL. The last date for bid submission was March 29. Multiple expressions of interest from bidders were received.

bank privatisation

09 Jun 2021

THESE state-owned banks may be picked for privatisation, VRS mooted for staff

Finance Minister Nirmala Sitharaman while unveiling Budget 2021-22 on February 1 had announced that the government proposed to take up the privatisation of two public sector banks (PSBs) and one general insurance company.

27 Nov 2019

Air India will be closed if not privatised: Union Minister HS Puri

Thr Civil Aviation Minister made these remarks while speaking in Rajya Sabha.

20 Nov 2019

Union Cabinet approves disinvestment in five government companies

Union Finance Minister Nirmala Sitharaman on Wednesday said that the Cabinet has approved the sale of stake of the government in five prominent Public Sector Units (PSUs), including Bharat Petroleum Corporation Ltd (BPCL), Shipping Corporation of India (SCI), and Container Corp of India.

Heavy Industries and Public Enterprises

24 Jun 2019

No proposal for strategic disinvestment of Navaratna CPSEs: Govt informs RS

As per Public Enterprises Survey 2017-18 that was laid in the Parliament on 27.12.2018, there were 339 Central Public Sector Enterprises (CPSEs) as on 31.03.2018.

20 Jun 2019

Finance Ministry to prepare fresh proposal for Air India sale

The ministry's proposal, to be placed before Air India Specific Alternative Mechanism (AISAM), will also include option of selling either 100 percent or 76 percent government stake in Air India.

31 Mar 2018

Air India sale a scam in the making, I am watching the deal: Subramanian Swamy

Swamy has threatened to file a complain if he finds anything wrong with the deal.

29 Mar 2018

UPA made the Maharaja a beggar: NDA Minister on Air India sale

He said the airline would be kept independent after the stake sale.

14 Nov 2017

Bharat-22 ETF launched; government eyes Rs 8,000 crore

The shares of the state-run companies represent 6 core sectors of the economy - finance, industry, energy, utilities, fast moving consumer goods (FMCG) and basic materials.

13 Nov 2017

Bharat 22 ETF opens on Tuesday: All you need to know

This ETF, which is being managed by ICICI Prudential AMC, comprises select companies from the private sector having an exposure to the extent of 39 percent while the rest are public sector firms.

Finance Ministry

24 Oct 2017

Government says GDP growth set to take off: Top highlights

We won't cross 4 percent inflation. India is defined by low inflation these days, says Arun Jaitley

NTPC share sale

30 Aug 2017

Govt sells 7% in NTPC to raise Rs 9,100 crore

The government had planned to sell over 41.22 crore shares, or 5 per cent holding, through the two-day OFS, with an option to retain a similar portion in case of over- subscription.

NTPC share sale

29 Aug 2017

NTPC share sale a big hit with institutions, oversubscribed

On the opening day of the sale, which was open to non- retail investors, over 38.66 crore shares were bid till 1425 hours, according to stock exchange data. This was 1.17 times of the 32.98 crore shares reserved for them.

NTPC share sale

29 Aug 2017

Govt to sell 5% stake in NTPC at floor price of Rs 168 per share today

The share sale through an offer for sale (OFS) will happen over two days?beginning tomorrow, an official said here.

12 May 2017

HUDCO IPO over-subscribed by more than 79 times

The HUDCO initial public offering (IPO) saw an exceptional level of interest and the Issue as a whole was oversubscribed by more than 79 times. Bids worth Rs. 97,000 crores were received for an issue size of Rs. 1,200 crores.

17 Mar 2017

CPSE ETF oversubscribed 3.7 times, gets bids worth Rs 9,700 crore

The third tranche of the government's exchange traded fund (ETF) of top 10 state-owned companies saw bids worth Rs 9,200 crore from investors, which is 3.7 times the amount sought to be raised.

Projects & Development India Ltd

08 Feb 2017

Govt scouts for valuers for Hindustan Prefab, PDIL assets

The government is scouting for asset valuers to undertake valuation of two unlisted PSUs -- Projects & Development India Ltd (PDIL), and Hindustan Prefab.

04 Feb 2017

Disinvestment receipts to touch Rs 45,000 crore: Arun Jaitley

Finance Minister Arun Jaitley has exuded confidence that receipts from PSU disinvestment will touch Rs 45,000 crore in 2016-17.

03 Feb 2017

Govt plans strategic sale of 3 PSUs, merger of 4

Government plans to exit its holding in three PSUs -- Bharat Pumps & Compressors, Bridge & Roof Co and Hindustan Fluorocarbons -- by selling its stake to strategic buyers.

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