Govt allows foreign funds to own more than 51 per cent in IDBI Bank
In addition, a maximum of four members would be permitted in a consortium.
DIPAM floats EoI for Nagarnar steel plant
The plant has a capacity of 3 million tonne per annum (mtpa) and it is yet to be ommissioned completely. According to the document, it is scheduled for completion by March 2023.
IDBI bid query submission deadline extended
The Finance Ministry on Thursday extended the deadline for queries submission by bidders for IDBI stake sale till November 10.
Six merchant bankers in fray for govt's HZL stake sale; to make presentation on Aug 12
Currently, Vedanta Ltd holds 64.92 per cent in HZL, while the government holds 29.53 per cent. Only a 5.5 per cent stake is with the public.
Neelachal Ispat Nigam privatisation complete, shares transferred to Tata Steel Long Products
Pandey said that all the pending dues of the employees have been cleared on priority basis and no employees have been retrenched.
'Temporary blip': Government expresses concern about dip in LIC share price
The government had fixed the issue price of LIC shares at Rs 949 apiece after a successful Initial Public Offering (IPO) which was over-subscribed nearly 3 times.
Disinvestment not for shutting down CPSEs, but to make them more efficient: Nirmala Sitharaman
Highlighting that public sector enterprises which were privatised between 1994 and 2004 are being driven by professionally run boards, the minister said these companies have only improved.
'Most bidders unable to participate': Finance Ministry drops plan to sell 53 per cent stake in BPCL
The privatisation was stalled after two bidders walked out over issues such as lack of clarity in fuel pricing, with just one bidder left in the fray.
Weak LIC listing due to unpredictable market conditions: DIPAM Secretary
LIC on Tuesday listed its shares at a discount of 8.11 per cent at Rs 872 per share on NSE. On BSE, the shares got listed at Rs 867.20 apiece, down 8.62 per cent over the issue price of Rs 949 a share
LIC IPO lifted by domestic investors, example of Atmanirbhar Bharat: DIPAM Secy
"It shows that the capacity of the Indian capital market has increased substantially and it also shows that we can run our own capital market without depending on foreign investors," he said.
IDBI Bank privatisation process on; Decision on quantum of dilution after roadshow: DIPAM Secy
The government may decide to sell its entire stake in one go or in tranches, depending on the investors' response.
Revised LIC offer attractive, says DIPAM Secy
Policyholders to get discount of Rs 60 per share, while retail and LIC employees to get discount of Rs 45 a share each
Government to sell 1.5 per cent stake of ONGC via Offer for sale
The government on Tuesday informed that it is going to sell 1.5% equity stake of Oil and Natural Gas Corporation (ONGC) through an offer for sale (OFS) to raise up to Rs 3000 crore.
Government gets Rs 4,353 crore as dividend tranches from 7 CPSEs
Besides, about Rs 887 crore and Rs 653 crore have been received from Power Finance Corporation (PFC) and Hindustan Aeronautics Ltd as dividend tranches.
LIC IPO set to be delayed to next fiscal year
In the wake of the market volatility due to the Ukraine-Russia war, there might be a rethink on the timing of the LIC share sale.
Tiger kills 65-year-old woman in Odisha wildlife sanctuary, half-eaten body found
'It's a 40 per cent commission government': Rahul Gandhi slams BJP rule in Karnataka
Income Tax sleuths raid offices, home of businessman Faris Aboobacker over alleged tax evasion
Tamil Nadu Budget: Rs 1,000 aid for women family heads will be launched in Sept 2023, says govt
Maharashtra govt staff to get monetary benefits equivalent to OPS, call off strike
Air India urination case: Victim moves SC seeking zero-tolerance policy for unruly fliers