Page 2 of Disinvestment

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

The interested parties can submit their bids till May 5 and short-listed bidders will be intimated on May 22.

Govt invites EoI for strategic sale of Ferro Scrap Nigam

In FY21, FSNL reported Rs 22.75 crore profit after tax (PAT) on total revenue of Rs 365 crore. As of…

April 1, 2022 00:32 IST

ONGC, OFC, public offering, disinvestment, oil, natural gas, government

Govt to sell upto 1.5% stake in ONGC via OFS on Wednesday for Rs 3000 cr; check floor price to buy shares

The government plans to sell upto 1.5% equity stake in ONGC Ltd via an offer for sale of equity shares…

March 29, 2022 19:02 IST

PSU disinvestment: Sebi proposes relaxing provisions for open offer price determination

The proposal to amend the provisions also come against the backdrop of the government planning to sell stakes in more…

March 26, 2022 13:40 IST

Disinvestment proceeds to fall short of Revised Estimates for second time since 2014

Since the Modi government came to power in 2014, it was only in the financial year 2019-20 that it failed…

March 6, 2022 15:58 IST

There are three distinct use cases of the crypto blockchain technology: currency; business services like decentralised finance, etc; and asset. The currency case is reflected in two ways—the general currency and the ‘stablecoins’ used for international transactions.

Temasek-like sovereign AMC could help boost disinvestment revenues: Subhash Chandra Garg

Subhash Chandra Garg, author of The $10 Trillion Dream: The State of the Indian Economy and the Policy Reforms Agenda

February 20, 2022 05:30 IST

Earlier in the day, Tata Sons chairman N Chandrasekaran met Prime Minister Narendra Modi. “We are excited to have Air India back in the Tata Group and are committed to making this a world-class airline. I warmly welcome all the employees of Air India, to our Group, and look forward to working together,” Chandrasekaran said in a statement.

Back Home: Air India handed over to Tatas after 69 years

The AI sale will be the first incidence of outright privatisation of a state-owned firm in the country after a…

January 28, 2022 05:30 IST

Budget 2022 Survey: Disinvestment target to be missed most likely, but can LIC IPO still save the day?

Following the trend of previous years, the Ministry of Finance is expected to miss the target of of Rs 1.75…

January 27, 2022 16:18 IST

India seeking Rs 15 lakh crore valuation for LIC IPO; wants to pit it in the league of RIL, TCS

The so-called embedded value of Life Insurance Corp. of India is likely to be more than Rs. 4 lakh crore,…

January 12, 2022 13:47 IST

India aims to file LIC IPO prospectus in final week of January

LIC plans to file the draft IPO prospectus in the week starting Jan. 31, which will provide the embedded value…

January 12, 2022 09:13 IST

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‘Private credit won’t replace bank credit, ‘ says Kanchan Jain

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Ascertis Credit has successfully raised $520 million in the first close of Fund IV, with a target of $1 billion by next year. Head of the group, Kanchan Jain, discusses the growth of India’s private credit market and the fund’s plans. While the RBI’s allowance for banks to do acquisition financing may not impact private credit funds, experienced credit managers are needed for large transactions.

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