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. ...
05:37 PM, Feb 07, 2013
The government will sell 9.5 per cent stake in country's largest power producer NTPC on Thursday at a likely price of Rs 145 per share, nearly seven per cent discount to the current market price. ...
08:22 AM, Feb 07, 2013
The government expects to raise around Rs 12000 crore by selling a 9.5 per cent stake in state power utility NTPC Ltd in a share auction on February 7, Disinvestment Secretary Ravi Mathur said. ...
12:40 AM, Feb 06, 2013
India's plan to raise about $2 billion selling a stake in power producer NTPC Ltd will likely take place on February 7, three sources with direct knowledge of the situation said on Friday. ...
12:24 AM, Jan 26, 2013
Shares in SpiceJet rose by as much as 8.5 per cent on Tuesday after the Times of India reported the budget carrier was close to selling a stake to a foreign carrier, which it said was most likely to be Qatar Airways. ...
05:17 PM, Jan 15, 2013
New Delhi: India is looking at new ways to attract investors to sales of shares in state-run 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 central plank of the government's plan to bring down a wide fiscal deficit, a major weakness in Asia's third-largest...
01:06 AM, Dec 18, 2012
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12:50 AM, Dec 11, 2012
Mumbai: Shares of Jet Airways on Tuesday surged seven per cent to touch its one-year high level in morning trade amid reports of a possible deal between the airline and United Arab Emirates' Etihad Airways for stake sale. Following the market buzz, the stock opened the day on a bullish note and further jumped 6.13 per cent to Rs 590 on the BSE. At NSE, the scrip soared 7 per...
12:37 PM, Dec 04, 2012
New Delhi: The government on Thursday approved 9.5 per cent stake sale in state-run power producer NTPC, hoping to garner around Rs 13,000 crore. "The Cabinet Committee on Economic Affairs has approved 9.5 per cent paid-up equity capital ( about 78.33 crore shares) in NTPC out of government's shareholding of 84.50 per cent, a proposal by Department of Disinvestment, Ministry of Finance," sources said. At the current market price, the...
07:52 PM, Nov 22, 2012
Mumbai: Facing flak from the exchanges for not informing them about stake sale talks, Kingfisher Airlines on Friday said the matter was not disclosed to the bourses first as the carrier did not consider it as a "price-sensitive information". The National Stock Exchange and the BSE on Thursday had sent letters seeking clarifications from Kingfisher regarding reports about stake sale. "The company is in talks with foreign carriers as well...
04:40 AM, Sep 29, 2012
Mumbai: Brokerage firm Transglobal Securities on Wednesday offloaded more than 74 lakh shares of ailing Kingfisher Airlines for about Rs 7.43 crore. Transglobal Securities sold 74,52,261 at Rs 9.98 apiece valuing the deal at over Rs 7.44 crore, according to information available with the National Stock Exchange. Shares of the debt-laden airliner climbed 2.68 per cent to close at Rs 9.97 on the BSE. On August 10, another entity LKP...
09:29 PM, Aug 22, 2012
New Delhi: At a time when Kingfisher Airlines is undergoing a series of crisis, Sanjay Aggarwal, the company's CEO met his top rung executives on June 12 to allay their concerns and convince them to hang on for some more time. In a three-hour meeting in Mumbai, Aggarwal seemed to be under tremendous pressure to deliver on the earlier assurances given to employees by his boss Vijay Mallya. He apprised...
01:23 PM, Jun 13, 2012
Mumbai: Tycoon Vijay Mallya, scrambling to raise funds to rescue his ailing Kingfisher Airlines Ltd, is considering the sale of all or part of his stake in United Breweries (UB), his flagship beer business, to Dutch brewer Heineken NV, said people familiar with the situation. They added that Mallya has the option of selling a stake in UB to ease his financial woes, and Heineken would be a keen buyer...
07:15 PM, Mar 29, 2012
New Delhi: Ratings agency Moody's on Monday said the result of the Government stake auction in ONGC has tarnished the image of the oil major. On March 1 the Government had auctioned 5 per cent of its stake in ONGC. "The result of the ONGC auction highlights how the Government's own weak finances and policies tarnish the perceived value of the companies it owns," Moody's said in a statement. Although...
08:47 PM, Mar 05, 2012
New Delhi: The government is set to raise at least Rs 12,500 crore by selling a 5 per cent stake in Oil & Natural Gas Corp (ONGC) on Thursday, aiming to patch up its widening fiscal deficit and revive its stalled privatisation agenda. The government on Tuesday decided to fix a floor price for ONGC stake sale at Rs 290 per share of face value of Rs 5 that could...
06:34 AM, Mar 01, 2012
New Delhi: Running against time to meet the Rs 40,000-crore disinvestment target, the Centre on Tuesday decided to offload 5 per cent stake in ONGC through auction route on March 1 at a likely floor price of Rs 290 a share that could fetch the Exchequer about Rs 12,000-13,000 crore. "The ONGC stake sale through the auction route (will take place) in couple of days," Oil Minister Jaipal Reddy told...
10:55 PM, Feb 28, 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: The Government may auction 5 per cent stake in Oil and Natural Gas Corp, the nation's biggest energy explorer, to raise about Rs 12,000 crore. A Group of Ministers (GoM) is likely to meet later this month to take a final call on the issue, an oil ministry official said in New Delhi. The Government had in November last year put on hold a proposal to sell 5...
10:26 PM, Feb 06, 2012
New Delhi: The Delhi High Court has restrained around 144 cable operators across the country from telecasting the ongoing cricket World Cup, which they did by unauthorisedly accessing signals of ESPN Software India Pvt Ltd (ESIPL). The court was hearing a suit filed by the company seeking an order to restrain cable operators from unauthorisedly broadcasting the tournament. The ICC Cricket World Cup, being co-hosted by India, Sri Lanka and...
11:36 PM, Dec 19, 2007
Sale of 50.05 pc shares to Essel Group's Media Vest was prima facie violation of Articles of Association of UNI. ...
06:12 PM, Dec 05, 2006
