Air India handed over to Tata Group: DIPAM secretary Tuhin Kanta Pandey

Tata Sons chairman N Chandrasekharan said the group is very happy to have Air India back in its fold.

published on : 27th January 2022

Respond to PIL over disinvestment: Karnataka HC to Bharat Earth Movers

The Ministry of Finance and DIPAM issued a preliminary information memorandum on January 4 last year for global invitation of EoI regarding the proposed strategic transaction.

published on : 19th January 2022

Centre invites EoI for disinvestment of Thiruvananthapuram-based PSU HLL Lifecare 

Last date Jan 31; stake sale to entail transfer of management control, sale of 100% equity share capital in the firm

published on : 15th December 2021

Centre to complete divestment of 5-6 PSUs; LIC IPO may delay till June 2022

Sources from the ministry said the government is yet to arrive at the valuation of LIC and while there is target to arrive at valuation by December.

published on : 18th November 2021

Air India should have been wound up 10 years ago: DIPAM Secretary Tuhin Kanta Pandey

The total debt on the books of Air India was Rs 61,000 crore, of which the government retained Rs 46,000 crore.

published on : 14th October 2021

Steel plant witnesses high-intensity agitation

The entire steel plant was reverberated with the slogans raised by workers and leaders against privatisation and the Modi government. 

published on : 1st October 2021

Government appoints 10 merchant bankers including Goldman Sachs, Citigroup for managing LIC IPO

Other selected bankers include Nomura Financial Advisory, SBI Capital Market, JM Financial, Axis Capital, BofA Securities, JP Morgan India, ICICI Securities, and Kotak Mahindra Capital Co Ltd.

published on : 8th September 2021

Centre extends deadline for transaction advisor hiring for Vizag Steel Plant disinvestment 

As per the latest notification issued on Friday, the last date for submission of bids has been extended from August 17 to 26.

published on : 14th August 2021

Government finalising plan to monetise Rs 6 lakh crore infra assets: DIPAM Secretary

Finance Minister Nirmala Sitharaman, in her 2021-22 Budget speech, had said monetising operating public infrastructure assets was a very important financing option for new infrastructure construction.

published on : 11th August 2021

Privatisation of public sector companies back on track after COVID-induced setback: DIPAM Secretary

He said these companies got sufficient interest from bidders and are now at the due diligence and financial bidding stage.

published on : 11th August 2021

VSP workers to hold dharna at admin block 

The Visakha Ukku Parirakshana Porata Committeee will stage a dharna at the steel plant’s administrative block at 8 am on Thursday. 

published on : 29th July 2021

Steel workers all set for show of strength in Delhi 

He said they got overwhelming support from MPs, who promised to raise their voice against privatisation and participate in the dharna at Jantar Mantar. 

published on : 26th July 2021

Protests intensify as Centre expedites Vizag Steel Plant privatisation

Agitating workers' unions leaders led by Visakha Ukku Parirakshana Porata Committee staged a sit-in at the plant main gate and even staff and workers of ‘A shift’ were not allowed to enter the plant.

published on : 9th July 2021

Centre expedites Vizag Steel Plant privatisation, to appoint legal, transaction advisors

Accordingly, the Department of Investment and Public Asset Management invited proposals for engagement of a legal advisor and transaction advisor for completing the transaction.

published on : 8th July 2021