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.

published on : 7th December 2022

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.

published on : 2nd December 2022

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. 

published on : 28th October 2022

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.

published on : 11th August 2022

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.

published on : 5th July 2022

'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.

published on : 10th June 2022

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.

published on : 10th June 2022

'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.

published on : 26th May 2022

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

published on : 17th May 2022

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.

published on : 9th May 2022

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.

published on : 29th April 2022

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

published on : 28th April 2022

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.

published on : 30th March 2022

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.

published on : 15th March 2022

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.

published on : 4th March 2022