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Disinvestment target News
Budget 2019: PSB ETFs coming? After, Bharat 22, CPSE Exchange Traded Funds, a new disinvestment pattern can emerge
Wed, Jul 03, 2019
Disinvestment target has been on full swing by Indian government, with stake sales taking place in various state-owned companies either by IPOs, OFS, buybacks and others.
Budget 2019: Govt falls short of Rs 45,857 crore in meeting disinvestment target in 2018-19; what to expect ahead?
Wed, Jan 16, 2019
In a major spoiler alert, it is known that forget the disinvestment target, the government has not even managed to achieve half of its trajectory in Budget 2018, despite bringing many IPOs, buybacks, and Bharat ETF this year.
What’s in store for Air India in Union Budget 2018?
Wed, Jan 31, 2018
The only state-run airline, Air India, may look forward to a special mention in the Union Budget of FY19.
Both HPCL, ONGC will gain from the acquisition, say analysts
Tue, Jan 23, 2018
ONGC's acquisition of the government's 51% stake in HPCL for Rs 36,900 crore or Rs 474 per share is justified and it will boost earning prospect of both the companies, say analysts.
Will the govt increase disinvestment targets for FY19?
Thu, Jan 04, 2018
The BSE on its website explains that the main objective of disinvestment is to indicate that PSUs had shown a very negative rate of return on capital employed.
Bharat-22 ETF size increases to Rs 14,500 crore: DIPAM
Mon, Nov 20, 2017
Bharat 22 consists of 22 stocks which include central public sector enterprises (CPSE), public sector banks and strategic holding of SUUTI.
Govt invites private players to buy out 51% in helicopter service firm Pawan Hans
Fri, Oct 13, 2017
The government plans to raise Rs 15,000 crore via strategic sale in the current fiscal out of its total disinvestment target of Rs 72,509 crore.
Cabinet approves mechanism for strategic disinvestment
Wed, Aug 16, 2017
To speed up the process of completion of strategic disinvestment transactions, Prime Minister Narendra Modi-led Cabinet approved an Alternative Mechanism.
Can Govt achieve its disinvestment target this year?
Mon, Aug 07, 2017
Government has set a disinvestment target of Rs 72,500 crore this financial year 2017-18.
BEL stake sale to begin today; will raise about Rs 1,600 crore
Wed, Feb 22, 2017
This will be the second government OFS in 2017, the last being the sale of its 10% in Manganese Ore (India) Ltd (MOIL) raising Rs 480 crore.
FinMin kickstarts listing process of three Rail PSUs
Mon, Feb 20, 2017
"The shares of Railway public sector enterprises (PSEs) like IRCTC, IRFC and IRCON will be listed in the stock exchanges," Jaitley had said in his speech.
Government may soon divest 10% stake in Coal India
Mon, Feb 13, 2017
If it sells the stake to trim its holding to 69%, it could raise up to Rs 20,000 crore, a report by the Economic Times said. "...a move that will help it earn about Rs 20,000 crore at today’s prices and reduce its stake to 69%," it noted.
Budget raises India's capital market ambitions
Mon, Feb 06, 2017
The government intends to raise Rs 110 billion from the listing of state-owned insurance companies, Rs 465 billion from the sale of stakes in state-owned companies on local stock exchanges and Rs 150 billion from strategic sales in 2017-18.
Govt looks to raise Rs 11,000 crore from listing of insurers
Thu, Feb 02, 2017
The government shareholding in these companies will be reduced from 100% to 75% in one or more tranches over a period of time.
Budget 2017: Meeting disinvestment target is key to achieving fiscal deficit goal
Wed, Feb 01, 2017
Jaitley said that the Government plans to raise Rs 72,500 crore through disinvestment. In his Budget speech, FM Arun Jaitely said, “The government plans to raise about Rs 72,500 crore through disinvestment of central public sector enterprises (CPSE) in 2017-18.”
Union Budget 2017: Govt may not achieve divestment target
Wed, Feb 01, 2017
The divestment income targets seems to be too aggressive for FY17 and hence expected to see a shortfall.
Govt moves swiftly for disinvestment of 3 PSUs to meet target
Fri, Jan 13, 2017
The government is in talks with transaction advisors from reputed professional consulting firms, investment and merchant bankers and financial institutions for the disinvestment.
Government on course to achieve FY17 disinvestment target: Official
Wed, Jan 11, 2017
The Government has already garnered Rs 23,500 crore by divesting its stakes in public sector units (PSUs) so far in the current fiscal and is hopeful of achieving the fiscal 2016-17 (FY17) disinvestment target of Rs 56,500 crore, a Finance Ministry official said on Wednesday.