DIVESTMENT

  • Centre clears stake sale in bluechip companies, may get Rs 45,700 cr September 11, 2014

    The government's divestment drive is off to a flying start. The Cabinet has given the green signal to sell stake in Coal India, ONGC and NHPC. The government is set to garner over 45,700 crores through the stake sale. ...
  • Hindustan Copper stake sale today, base price is Rs 70 per share July 3, 2013

    New Delhi: The base price for government's 4.01 per cent stake sale in Hindustan Copper on Wednesday has been fixed at Rs 70 apiece which will garner a minimum of Rs 260 crore to the exchequer. The base price is at a discount of 3.65 per cent to the current market...
  • TN: Neyveli Lignite workers to strike against divestment today July 3, 2013

    Chennai: The trade unions of the Neyveli Lignite Corporation will go on an indefinite strike on Wednesday. The indefinite strike has been called to protest the Centre's decision to disinvest a five per cent stake in the company. The All India Anna Dravida Munnetra Kazhagam (AIADMK) on Tuesday organised Statewide...
  • Govt targets Rs 55,814 cr from PSU stake sale February 28, 2013

    New Delhi: Finance Minister P Chidambaram has doubled the disinvestment target for next fiscal to Rs 55,814 crore, from Rs 24,000 crore estimated in the current fiscal. The government had originally set the disinvestment target for current fiscal at Rs 30,000 crore, but as per revised estimates in the Budget...
  • Govt to get over Rs 11,500 cr from NTPC share sale February 7, 2013

    New Delhi: The government on Thursday said it is satisfied with the response to National Thermal Power Corporation (NTPC) share sale and expects to garner more than Rs 11,500 crore from the offer, the biggest disinvestment mop up so far this fiscal. "The government is satisfied with the response to this...
  • NTPC stake sale commences on bourses February 7, 2013

    New Delhi: Shares of National Thermal Power Corporation (NTPC) slid as much as two per cent on the BSE in the early trade on Thursday as the government's 9.5 per cent stake sale of country's largest power producer commenced on the bourses. The floor or the minimum offer price for...
  • Stake sale target seen on track; Oil India next December 18, 2012

    New Delhi: India is looking at new ways to attract investors to sales of shares in staterun industries and large offerings in Oil India and power company NTPC are set to come in the next few weeks, a top finance ministry official said. Selling equity in large public industries is a...
  • Govt begins offloading equity in NTPC November 27, 2012

    New Delhi: The government on Tuesday initiated the process of disinvestment in NTPC by inviting bids from merchant bankers for 9.5 per cent stake sale in the power major, which may fetch the exchequer over Rs 12,000 crore. "Proposals are invited from reputed merchant bankers with experience and expertise in...
  • Government approves divestment in 4 PSUs September 14, 2012

    New Delhi: In a major decision signalling reforms, the government on Friday approved divestment in four PSUs. Below is the list of the companies: Divestment of 9.59 per cent in Hind Copper Divestment of 10 per cent in Oil India Divestment 12.5 per cent in Nalco Divestment of 9.33 per cent in MMTC through Offer...
  • Divestment in SAIL deferred again July 12, 2012

    The Cabinet deferred the stake sale in SAIL since Steel Minister Beni Prasad Verma is not present in Delhi. ...
  • ONGC auction through; BHEL divestment on hold March 2, 2012

    New Delhi: The whole ONGC auction confusion has taken its toll on the government's disinvestment plan as this was being seen a test case for more such deals. As a result the divestment of Oil India and heavy engineering goods firm BHEL have been put on hold. Heavy Industries and...
  • Cabinet allows PSUs to buy back shares March 1, 2012

    New Delhi: The Cabinet has allowed staterun companies to buy back shares and participate in the government's divestment programme. "The Cabinet Committee on Economic Affairs has approved the buy back proposal," Minister of Heavy Industries Praful Patel said. The government is far short of meeting its target of raising Rs 40,000 crore...
  • EGoM headed by Pranab clears ONGC stake sale February 15, 2012

    New Delhi: The government cleared stake sale in its Navratna PSU ONGC on Wednesday. The divestment has been cleared by the Empowered Group of Ministers (EGoM) headed by Finance Minister Pranab Mukherjee. Sources say five per cent government stake in ONGC will be offloaded. This is the first divestment cleared by...
  • Government to sell 5 pc stake in SAIL October 19, 2011

    New Delhi: Amid volatility in stock markets, bluechip stateowned company SAIL has decided against issuing fresh equity, though the government will go ahead with its proposal to offload five per cent stake in the firm. "The SAIL board has decided that there will be no fresh equity issue. Only government stake...
  • Divestment plans on hold till markets improve September 27, 2011

    New Delhi: The finance ministry has decided to puts its divestment plans on hold in view of the ongoing deterioration in market condition. Sources tell CNBCTV18 that all divestments plans have been put on hold until market stabilises. The ministry may revise its divestment target downwards. The FY12 divestment target of Rs...
  • Government approves divestment in power firms October 19, 2009

    New Delhi: The Cabinet Committee on Economic Affairs (CCEA) has approved a proposal to divest stake in staterun utilities NTPC Ltd and Satluj Jal Vidyut Nigam Ltd (SJVN). The Government will offload five per cent of its equity in NTPC and 10 per cent in SJVN, Commerce Minister Anand Sharma said...
  • Forbes India: Disinvest or perish July 13, 2009

    Family silver or a piggy bank? The Indian Government needs to be clear about this as it goes into another round of disinvestment. Ever since 1991, the Government of the day has tried to sell ownership in public sector undertakings (PSUs). After 18 years, there is still no clarity on...
  • Govt eyes 1,120 cr via divestment July 6, 2009

    New Delhi: The Government announced increasing people's holding in public sector undertakings through the disinvestment programme, but said it would retain at least 51 per cent equity in these enterprises and would keep the banks and insurance companies under its control. Finance Minister Pranab Mukherjee proposed estimated disinvestment proceeds of Rs...
  • Divestment back on track, Left unhappy February 8, 2007

    New Delhi: Divestment is back. Just weeks ahead of the Budget, the UPA has decided to sell a part of its holdings in three power companies. It will reduce its stake by 10 per cent in Rural Electrification Corporation Limited, by five per cent in Power Grid Corporation, and by five...