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 Power Enterprises Minister Praful Patel had earlier said that it would happen during the next fiscal. The government is looking...
07:55 AM, Mar 02, 2012
New Delhi: The Cabinet has allowed state-run 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 through stake sales in the current fiscal year ending in March. Sources say only PSU with surplus cash...
12:27 PM, Mar 01, 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 the government in nearly nine months. The EGoM will meet again to decide on the timing of the divestment....
02:09 PM, Feb 15, 2012
New Delhi: Amid volatility in stock markets, blue-chip state-owned 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 sale will happen," Disinvestment Secretary Mohammed Haleem Khan told reporters in New Delhi. The government holds 85.82 per cent...
03:44 PM, Oct 19, 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 CNBC-TV18 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 40,000 crore will get revised in the budget estimates in October. The PSUs on the divestment agenda include...
01:52 PM, Sep 27, 2011
The Govt will offload five per cent of its equity in NTPC and 10 per cent in SJVN. ...
06:35 PM, Oct 19, 2009
Ever since 1991 the Govt has tried to sell ownership in PSUs. ...
03:22 PM, Jul 13, 2009
UPA announced increasing people's holding in public sector undertakings. ...
02:20 PM, Jul 06, 2009
The UPA has decided to disinvest in three public sector power companies, signaling that reforms remain on track. ...
11:04 PM, Feb 08, 2007
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