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Total 20 results found. Search for [ Govt to disinvest stake in PSUs ]

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New Delhi, October 27, 2019
In its meeting on Monday, the core group of secretaries from ministries of finance, corporate affairs and law are expected to discuss the next step in drafting the EoI for stake sale in Air India

October 6, 2019
Keen to get multi-nationals in domestic fuel retailing to boost competition, the government is mulling selling most of its 53.3 percent stake in BPCL to a strategic partner

September 30, 2019
The Department of Investment and Public Asset Management (DIPAM) will soon hold inter-ministerial talks and outline the methods and strategies of bringing the government's stake down to 51% in the PSUs.
New Delhi, January 16, 2018
The government seems to have changed its earlier stance of not selling the entities of India's national carrier Air India separately as it now wants to split the company in four different verticals for its sale in December this year.

New Delhi, January 14, 2018
The government is exploring options of absorbing Air India employees in public sector enterprises and voluntary retirement package as it moves ahead with the airline's disinvestment amid stiff opposition from worker unions, sources said.

January 14, 2018

New Delhi, November 27, 2015
Tyre Corporation of India is among the public sector units that had earlier been cleared for revival through the joint venture or disinvestment route.

New Delhi, May 25, 2015
Tourism Minister Mahesh Sharma, has, however, ruled out the possibility of selling off The Ashok, the flagship property of ITDC in the national capital.

BT Online Bureau
New Delhi, May 13, 2015
The Union Cabinet on Wednesday approved proposals to divest its 5 per cent stake in state-owned NTPC Ltd and 10 per cent in IOC.

SPS Pannu
New Delhi, January 24, 2015
With only two months left in this financial year, the govt has managed to raise only a small fraction of the ambitious target of Rs 58,425 crore.

Anilesh S. Mahajan
January 31, 2014
Finance ministry officials are running against time to meet their disinvestment and fiscal deficit targets. The Election Commission is expected to announce the dates of the general election in the third week of February. Once these are set, all kinds of restrictions will kick in.
August 30, 2013
Goldman Sachs, Credit Suisse, Deutsche Bank, SBI Capital Markets, Kotak Mahindra Capital, JM Financial and Merrill Lynch are the seven merchant bankers selected to manage the government's disinvestment of a 5 per cent stake in Coal India (CIL).

New Delhi, August 23, 2013
To achieve its disinvestment target for the current financial year, the government plans to offload 5-10 per cent stake in five companies, including IOC, Engineers India (EIL) and BHEL.

New Delhi, June 27, 2013
The government on Thursday cleared the proposal for 7.64 per cent stake sale in National Fertilisers Ltd (NFL), which is expected to fetch around Rs 125 crore to the exchequer.

BT Online Bureau
New Delhi, April 16, 2013
The Department of Disinvestment (DoD) will soon appoint merchant bankers to manage 10 per cent stake sale in Engineers India Ltd (EIL) which may fetch Rs 520 crore to the exchequer.

SPS Pannu
New Delhi, March 7, 2013
Analysts say rush to disinvest public sector companies at a discount often leads to existing shareholders losing out as the stock price of the company falls and the market cap gets eroded.

New Delhi, December 6, 2012
The government says it has decided to divest stake in 10 companies, including Oil India, SAIL and Hindustan Aeronautics.

Bhubaneswar, October 20, 2012
Operations at National Aluminium Company Ltd's (Nalco) plants in Odisha were hit due to a 24-hour strike call by employees and unions against the government's decision to disinvest its stake in the company.

New Delhi, September 19, 2012
The Department of Disinvestment has invited bids from merchant bankers for divesting the government stake further in petroleum exploring company OIL India.

New Delhi, September 8, 2012
The Department of Disinvestment invites bids from merchant bankers for further divesting government's stake in two Navratnas - NMDC and Nalco.