DIPAM
LIC IPO process has begun, all structures put in place, says MD
There 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.
MORE NEWS