November 09, 2024 18:22 (IST)
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Govt to divest up to 7% stake in NLC via OFS

New Delhi: The government plans to divest up to 7 percent of its stake in NLC India through an offer for sale (OFS), aiming to raise between Rs 2,000 crore and Rs 2,100 crore, media reports said.

Govt open to divesting stake in SBI, ONGC: Nirmala Sitharaman

New Delhi: Finance Minister Nirmala Sitharaman on Friday stated that the government is open to the concept of disinvesting equity stakes in prominent Public Sector Undertakings (PSUs), including the likes of State Bank of India (SBI) and Oil and Natural Gas Corp (ONGC).

DIPAM Secretary explains why Budget FY25 has no fixed disinvestment target

New Delhi: Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey on Thursday said the government has intentionally not set up a specific disinvestment target for the fiscal year 2024-25, media reports said.

Institutional investors oversubscribe IRCON International's OFS, bids surpass Rs 2,400 cr

Mumbai: Institutional investors have oversubscribed the government's offer to sell an 8% stake in government-owned IRCON International, with bids exceeding Rs 2,400 crore on Thursday.

Larsen & Toubro divests 100% stake in L&T Infrastructure Engineering Ltd

Mumbai: Engineering giant Larsen & Toubro (L&T) Friday said it has sold its 100% stake in L&T Infrastructure Engineering Limited (LTIEL) to STUP Consultants Private Limited, a subsidiary of Assystem SA of France.

L&T aims to divest stake in Hyderabad Metro in 2.5 yrs: Report

Mumbai: Engineering and construction major Larsen & Toubro (L&T) aims to sell its share in the Hyderabad Metro project within the next two, or possibly two and a half, years, Moneycontrol reported.

Govt invites bids to select asset valuer for IDBI Bank

New Delhi: The Centre has invited bids to choose an asset valuer for IDBI Bank acting on its plans to divest its stake in the lender.

Govt expected to get Rs 4,000 cr after investors over-subscribe Coal India share sale

New Delhi: The government is expected to receive Rs 4,000 crore from Coal India’s share sale, as both retail and institutional investors showed strong demand, resulting in oversubscription, media reports said.

Disinvestment process of RINL in progress: Steel ministry

New Delhi: There is no freeze on the disinvestment process of RINL, The Ministry of Steel clarified on Friday.

Govt proposes to sell 3.5 pc stake in Hindustan Aeronautics Ltd

Mumbai: India is preparing to sell up to a 3.5% stake in Hindustan Aeronautics Ltd, a state-run aerospace and defence company, which could yield the government Rs 2,867 crore, Reuters reported citing an exchange filing on Wednesday.

IDBI stake sale: Deadline for bid submission likely to be extended

News Delhi: The last date for submitting bids for strategic disinvestment in IDBI Bank is likely to be extended to January, media reports said.

Disinvestment empowered PSUs: Nirmala Sitharaman

Kochi/UNI: Disinvestment of Public Sector Undertakings (PSUs) during the past decade had empowered them and energised the capital markets, Union Finance Minister Nirmala Sitharaman said on Friday.

Cabinet Committee on Economic Affairs approves sale of govt's residual stake in HZL

New Delhi: The Union Cabinet on Wednesday approved the sale of the government's 29.58 percent stake in Hindustan Zinc Ltd.

Hindustan Zinc stock prices go up after buzz over govt's stake sale: Report

New Delhi: The Union Cabinet may have approved a stake sale in Hindustan Zinc, media reports said, after which the stocks of the company soared 7 percent.

Cabinet empowers BOD of Holding / Parent Public Sector Enterprises to recommend and undertake the process for Disinvestment

New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the proposal for empowering the Board of Directors (BOD) of the Holding / Parent Public Sector Enterprises to recommend and undertake the process for Disinvestment (both strategic disinvestment and minority stake sale) or closure of any of their subsidiaries / units / stake in JVs.