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Core group of secretaries on divestment to hold meeting tomorrow
Wed, Jan 15, 2020
The core group of secretaries on divestment will have an important meeting tomorrow before the presentation of Budget 2020-21. The meet will revolve around strategic disinvestment in central public sector enterprises (CPSEs).
Exclusive: Cabinet to make strategic divestment announcement of this firm next week
Thu, Sep 26, 2019
The government is going for an open bidding process and it is optimistic of attracting a big players from international or domestic sector to make a bid for this shipping company at a premium price.
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.
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.
GMR to sell assets, refinance loans to cut debt
Fri, Jun 02, 2017
GMR Group today said it is planning to refinance loans and divest assets in road and power sectors to cut debt even as it is looking at investing up to Rs 7,400 crore to expand Delhi and Hyderabad airports.
Piyush Goyal bets on divestment, rules out Air India privatisation
Sat, Mar 18, 2017
Without naming Hindustan Antibiotics, Goyal said a Pune-based pharma company is also under the hammer.
Bharat Electronics OFS is oversubscribed by 234% on day one
Wed, Feb 22, 2017
Bharat Electronics Limited's (BEL) Offer for Sale (OFS) is oversubscribed by 2.34 times. Institutional Investors on Tuesday bid around 2.09 crore equity shares, subscribing by 234% against 89.34 lakh equity shares offered.
IDBI Bank approves divestment of its non-core business
Tue, Feb 21, 2017
IDBI Bank in a BSE filing said, "The board of directors has approved in-principle, the proposal to divest some of its non-core investment subject to compliance with all applicable laws and regulations and subject to final approval to be obtained for each transaction by delegated authority."
Canara Bank to divest 13% stake in Can Fin Homes by March-end
Tue, Feb 14, 2017
Can Fin Homes on Tuesday said that its promoter Canara Bank was planning to divest 13.45% stake in the company by March-end. Can Fin Homes informed the BSE that Canara Bank had notified the Reserve Bank of India (RBI) about the stake sale.
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.
Government to divest 10% stake in MOIL via offer for sale on January 24
Mon, Jan 23, 2017
A PTI report said that government will divest 10% stake in MOIL through offer for sale (OFS) at a floor price of Rs 365 a piece on Tuesday January 24, 2017.
Budget 2017: Can Centre deliver on its disinvestment promise?
Mon, Jan 23, 2017
Sanjeev Prasad, Suvodeep Rakshit , Sunita Baldawa and Anindya Bhowmik of Kotak Institutional Equities wrote, “We expect the government to continue to focus on divestment of its stakes in various companies to bolster its overall revenues. The divestment figure will be crucial as tax revenues may not be entirely supportive of likely higher capital expenditure as well as revenue expenditure.”
Tata Global Beverages to sell stake in Zhejiang Tata Tea for Rs 33 crore
Mon, Jan 16, 2017
The company received the boards approval to divest stake in the joint venture.
SBI to sell 3.9% stake in life insurance company for Rs 1794 crore
Fri, Dec 09, 2016
SBI said, "An investment vehicle affiliated with KKR-managed funds and an affiliate of Temasek, the Singapore based Investment Company, will each purchase 1.95 crore shares from SBI."
ITC to sell 100% stake in King Maker Marketing for nearly Rs 160 crore
Mon, Oct 10, 2016
India's multi-business conglomerate ITC has announced divestment of 100% stake in its wholly-owned subsidiary King Maker Marketing to United States' (US) firm Premier Manufacturing for estimated amount of $24 million (nearly Rs 159.7 crore).
ABG Shipyard decides to divest Western India Shipyard
Thu, Oct 06, 2016
“The company’s board has agreed to invite suitable bid from the prospective investor and negotiate the deal including best price,” it said.