Disinvestment

Disinvestment News

Big-ticket disinvestment deals unlikely next fiscal, receipts target for FY24 likely to be around Rs 60,000 crore

The scaling down of the agenda to raise non-debt capital receipts via this route is in recognition of the fact…

January 10, 2023 05:30 IST

IDBI Bank, IDBI Bank sale, IDBI Bank privatisation, sebi on IDBI Bank sale,

Changes make IDBI Bank sale smoother: Relaxed listing norms to give a leg up to CPSE privatisation

Buyer to get more time to meet public float norm

December 16, 2022 01:15 IST

Earlier this year, they had put forward a proposal for merging the company with the state-owned Steel Authority of India Ltd (SAIL), but the Finance Ministry rejected the idea citing the New Public Sector Enterprise (PSEs) policy.

Govt working out transaction structure of RINL strategic sale: DIPAM Secy

“The in-principle approval is there. We are going forward in working out the transaction structure,” the Department of Investment and…

December 9, 2022 17:53 IST

Coal India stake sale in offing: Govt may sell 5-10% equity in CIL, Hindustan Zinc, other PSUs via OFS

The government is looking to sell 5%-10% in Coal India Ltd., Hindustan Zinc Ltd., Rashtriya Chemicals and Fertilizers Ltd. via…

November 25, 2022 13:26 IST

HZL residual stake, Hindustan Zinc, Hindustan Zinc sale

Part of HZL residual stake to be sold in FY23, says Pandey

While Dipam is trying to mobilise as much as possible from disinvestment of government equity in many CPSEs and other…

October 13, 2022 05:50 IST

The Expression of Interest (EoI) for selling SAIL's 100 per cent stake in Visvesvaraya Iron and Steel Plant (VISP), Bhadravathi in Karnataka, was invited on July 2019.

Govt scraps SAIL’s Bhadravathi steel plant privatisation

The Department of Investment and Public Asset Management (DIPAM) said multiple EoIs had been received and qualified bidders had conducted…

Updated: October 12, 2022 18:52 IST

Two Jaypee Group firms to divest their cement businesses

The board of Jaiprakash Power Ventures Ltd (JPVL) has also “decided to divest company’s Nigrie Cement Grinding Unit as well…

October 10, 2022 15:20 IST

privatisation, disinvestment, cpse, privatisation of cpse,

Push to privatisation: Now, CPSEs need ministerial panel’s nod to to sell units to state govts, other PSEs

The move will give a fillip to the government’s new public sector enterprises policy to unlock capital, which is either…

September 16, 2022 04:30 IST

IDBI Bank sale, IDBI Bank, IDBI Bank privatisation, IDBI Bank disinvestment

IDBI Bank sale to herald PSB privatisation: Tuhin Kanta Pandey

EoI for strategic disinvestment of the lender soon

September 15, 2022 01:45 IST

psb, banking sector, banking privatisation, psb privatisation,

Former RBI governor D Subbarao suggests 10-year road map for privatisation of all public sector banks

The former RBI governor observed that at India’s current stage of development, the country should be using other instruments to…

September 7, 2022 17:54 IST

Pawan Hans, Pawan Hans sale, Pawan Hans privatisation, Central Electronics, Central Electronics sale,

Govt drops plan to sell Pawan Hans, Central Electronics

Questions on the integrity of winners forced govt’s hand

August 29, 2022 02:00 IST

privatisation of banks, rbi on privatisation of banks, rbi paper on privatisation of banks

RBI paper wants gradual privatisation of banks

Although private banks have been making some inroads in rural areas, their progress remains slow. For example, PSBs’ share in…

August 19, 2022 06:10 IST

The subsequent record has been mixed, at best, and economic reform has included gradually making room for private sector banks, while trying to strengthen public sector banks through structural reforms.

Privatising India’s banks

The case for privatising the public sector banks is ultimately a case for economic development

July 23, 2022 04:15 IST

While the government proposed privatisation of two PSBs in the last Budget, sections within it feel that the process could be initiated only after more consultations among stakeholders, particularly potential investors.

Public-sector banks privatisation off agenda; PSB Bill unlikely in monsoon session

The Bill proposes to “effect amendments in Banking Companies (Acquisition and Transfer of Undertakings) Acts, 1970 and 1980 and incidental…

July 14, 2022 03:15 IST

The real purpose, however, seems to be additional money that could flow into the exchequer as dividend and buyback receipts over the next few years.

No forced rewards: Functional autonomy of CPSEs critical to the govt’s massive privatisation plans

The general perception is that PSUs are much worse than private-sector peers in terms of operational efficiency, profitability and market…

June 23, 2022 03:00 IST

Chhattisgarh-based FSNL is a specialised steel mill service provider engaged in scrap processing for various steel mill companies in India.

Govt gets multiple EoIs for Ferro Scrap Nigam buyout

On March 31, 2022, the government had floated a preliminary information memorandum (PIM) to disinvest FSNL, through strategic sale along…

June 21, 2022 03:45 IST

This isnot only inefficacious with respect to the time, energy, and resources invested but also quite puzzling, considering that the intent is clear—minimising the government’s presence in business.

Revitalising PSE privatisation: Issues that may impact investor appetite need to be resolved before notification for privatisation

For each PSE earmarked for privatisation, issues that may impact investor appetite need to be anticipated and resolved much before…

June 11, 2022 03:30 IST

Addressing the iconic week celebrations of Department of Investment and Public Asset Management (DIPAM) as part of 'Azadi ka Amrit Mahotsav' here, Sitharaman said privatisation of CPSEs is intended at ensuring that these companies are run efficiently and cost effectively.

Disinvestment not for shutting down CPSEs, but to make them more efficient: FM Sitharaman

Highlighting that public sector enterprises which were privatised between 1994 and 2004 are being driven by professionally run boards, the…

June 10, 2022 18:27 IST

The move is also expected to reduce the burden on Dipam, which could now focus on privatisation of holding companies or parent CPSEs.

More functional autonomy: Central Public Sector Enterprises to get powers to offload subsidiaries, exit joint ventures

Currently, there are about 380 PSEs (including subsidiaries), 20-30% of which may be closed for being sick or unviable. The…

May 19, 2022 04:15 IST

LIC, which has played the White Knight for the government’s disinvestment programme in the past, invested over Rs 21,000 crore to acquire majority stake in the ailing IDBI Bank in FY19.

Public sector enterprises barred from bidding for siblings

Dipam says useful productive assets to remain locked if such deals are allowed

April 22, 2022 06:15 IST

Disinvestment: Sebi’s much-needed tweak to open offer norms

While Sebi’s recently proposed amendment to the takeover Code will incentivise disinvestment, the cumbersome process itself has not been addressed

April 20, 2022 04:00 IST

Ahead of PSU’s sale, half of RINL land to be kept aside

Steel firms looking to expand capacity, particularly in long products, may find the port-based unit attractive, said a senior government…

April 19, 2022 06:00 IST

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Disinvestment Photos

FPI, FII, Market Capitalisation, govt’s disinvestment Plan, Number of ATMs, more

The combined market valuation of nine of the top-10 most valued firms rose sharply by Rs 77,363.23 crore last week,…

July 20, 2015 15:36 IST

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