DIPAM
LIC IPO process has begun, all structures put in place, says MDThere is a hugely positive sentiment in the market. Despite the large size, the LIC IPO may be hugely oversubscribed, says Vipin Anand.
- 'Govt has no business to be in business': PM Modi bats for privatisation
The government has "no business" to be in business, Prime Minister Narendra Modi said on Wednesday in a clear push for disinvestment and pr...
- SBI has potential to outperform private sector peers: Kunj Bansal
The Karvy Capital CIO says he is willing to take a bet on PSUs ahead of privatisation.
- Multiple interests received for Pawan Hans: Govt
“Multiple expressions of interest have been received for privatisation of Pawan Hans Limited. The transaction will now move to the second s...
- Government rakes in Rs 310 crore from EIL buyback
The total buyback size was Rs 587 crore, which was fully subscribed. EIL's board had approved buyback in December last year.
- Govt extends bid submission deadline for Shipping Corp to March 1
The Department of Investment and Public Asset Management (DIPAM) in December had invited expressions of interest for strategic disinvestmen...
- Targeting to conclude BPCL strategic sale by June: DIPAM Secretary
The government has received three preliminary bids for buying of controlling stake in India's second-largest fuel retailer Bharat Petroleum...
- Government to sell 20% stake in National Fertilizers
The deadline for submitting the bids is March 2, the Department of Investment and Public Asset Management (DIPAM) said in a notification.
- Govt calls for presentation by merchant bankers for Tata Comm OFS on Tuesday
A total of 11 merchant banks are in the fray including Axis Capital, Credit Suisse Securities (India) Private Ltd, Elara Capital (India), G...
- Disinvestment aimed at growth, not to plug fiscal deficit: DIPAM Secretary
As the Budget 2021 comes up with major thrust on privatisation of public sector enterprises, Disinvestment Secretary, Tuhin Kanta Pandey ha...
- Ministerial panel to decide on number of CPSEs to be retained in each strategic sector: DIPAM Secretary
For the current fiscal, the revised target has been set at Rs 32,000 crore, lower than Rs 2.10 lakh crore set in the previous Budget. The C...
- GoM to decide bare minimum PSUs in strategic sectors: Tuhin Kanta Pandey, DIPAM secretary
The government’s focus will be on strategic divestment as its shareholding in most PSEs is close to 51%, leaving little room for minority s...
- LIC IPO to happen after October: DIPAM Secy
Targeting to raise Rs 1.75 lakh crore from the asset sale to finance projects aimed at reviving the pandemic battered economy, the governme...
- NALCO to buy back Rs 749-cr shares
A buyback is when a company buys its own outstanding shares to reduce the number of shares available in the open market.
- DIPAM ready with Rashtriya Ispat Nigam's sale plan; to sent it to Cabinet soon
Since assuming power in 2014, the NDA government had vowed to press ahead with strategic sales, which involves giving up management control...
- Govt to exit its holding in VSNL this fiscal, sell 26.12% stake
In a notice, the Department of Investment and Public Asset Management (DIPAM) said a part of the shareholding will be offered through OFS a...
- Govt plans 10% share sale in Rashtriya Chemical
Interested merchant bankers and legal advisors will have to be submit their bids by January 28 and January 29, respectively, the Departmen...
- Elara Capital, IDBI Cap Markets bid to be merchant banker for govt's stake sale in RVNL
Besides, Crawford Bayley & Company and SNG & Partners have bid for being the legal advisor for the planned offer for sale (OFS).
- Divestment plan back on track; govt not planning more ETFs: DIPAM
The strategic disinvestment was back on track and several initial public offer (IPO) transactions are planned, said Pandey.
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